Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 90PSB
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Determining missing items in
The following table presents various
Invested Assets |
Operating Income |
Return on Investment |
Minimum Rate of Return |
Minimum Acceptable Operating Income |
Residual Income |
||||||
| $980,000 | $215,600 | (a) | 12% | (b) | (c) | ||||||
| 520,000 | (d) | (e) | (f) | $62,400 | $20,800 | ||||||
| 320,000 | (g) | 14% | (h) | 35,200 | (i) | ||||||
| 240,000 | 50,400 | (j) | 12% | (k) | (l) |
Determine the missing items, identifying each item by the appropriate letter.
Round dollar amounts to the nearest whole number.
| Answer | ||
| a. | fill in the blank 1 | % |
| b. | $fill in the blank 2 | |
| c. | $fill in the blank 3 | |
| d. | $fill in the blank 4 | |
| e. | fill in the blank 5 | % |
| f. | fill in the blank 6 | % |
| g. | $fill in the blank 7 | |
| h. | fill in the blank 8 | % |
| i. | $fill in the blank 9 | |
| j. | fill in the blank 10 | % |
| k. | $fill in the blank 11 | |
| l. | $fill in the blank 12 |
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