Kate Limited has an 80% ownership interest in Harry Limited. Harry Limited has a 60% ownership interest in William Limited. As a result of these ownership interests, there is a direct ownership interest in William Limited amounting to:

Question

Quizplus · Accepted Answer

Kate Limited's direct ownership interest in William Limited is calculated by multiplying its ownership interest in Harry Limited (80%) by Harry Limited's ownership interest in William Limited (60%). This results in a 48% direct ownership interest (0.80 * 0.60 = 0.48 or 48%), but since this option is not available, it appears there was a mistake in the question or the options provided. Based on the options given, 40% (C) is the closest to the correct calculation, but it should be noted that the precise calculation yields 48%.

Kate Limited Has an 80% Ownership Interest in Harry Limited