Company ACompany BCompany CSales$450,000 $670,000 $630,000 Net operating income $43,000 Average operating assets$168,000 $155,000 Return on investment (ROI)19%19% %Minimum required rate of return: Percentage14% %14%Dollar amount $41,000 Residual income $6,000A family friend has asked your help in analyzing the operations of three anonymous companies operating in the same service sector industry. Supply the missing data in the table below: (Loss amounts should be indicated by a minus sign. Do not round your intermediate calculations.)

ROI means return on investment. It is the amount of return earned by the entity on invested…

Answered: Company A Company B Company C Sales…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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	Company A	Company B	Company C
Sales	$450,000		$670,000		$630,000
Net operating income			$43,000
Average operating assets	$168,000				$155,000
Return on investment (ROI)	19	%	19	%		%
Minimum required rate of return:
Percentage	14	%		%	14	%
Dollar amount			$41,000
Residual income					$6,000

A family friend has asked your help in analyzing the operations of three anonymous companies operating in the same service sector industry. Supply the missing data in the table below: (Loss amounts should be indicated by a minus sign. Do not round your intermediate calculations.)

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