Calculate the Herfindahl-Hirschman Index (HHI) for each year using total assets and comment on the level of competition

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...
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Years           Bank            Total Asset
2018          STANBIC        6,205,018

2019.          STANBIC.      9,295,682

2020.             STANBIC  12,742,132

2018.        BARCLAYS      8,994,562

2019.            ABSA          11,772,546

2020.              ABSA.       12,546,473

 

Calculate the Herfindahl-Hirschman Index (HHI) for each year using total assets and comment on the level of competition

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