Question
As a result of several mergers and acquisitions, stock in four companies has been distributed among the companies. Each row of the following table gives
As a result of several mergers and acquisitions, stock in four companies has been distributed among the companies. Each row of the following table gives the percentage of stock in the four companies that a particular company owns and the annual net income of each company. So company A holds 7979 % of its own stock, 88 % of the stock in company B, 88 % of the stock in company C, etc. For the purpose of assessing a state tax on corporate income, the taxable income of each company is defined to be its share of its own annual net income plus its share of the taxable income of each of the other companies, as determined by the percentages in the table. What is the taxable income of each company (to the nearest thousand dollars)? Company Percentage of Stock Owned in Company Annual Net Income Million $ A B C D A 7979 88 88 44 3.93.9 B 44 7272 33 77 3.43.4 C 66 1313 7676 33 3.83.8 D 1111 77 1313 8686 2.92.9
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