FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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. Round your percentage
answers to nearest whole percent.)
Sales
Net operating income
Average operating assets
Return on investment (ROI)
Minimum required rate of return:
Percentage
Dollar amount
Residual income
A
$9,120,000
$ 3,040,000
11 %
9 %
$
$
$
Company
B
7,200,000
290,000
20 %
261,000
%
C
$ 4,680,000
$ 1,872,000
$
%
13 %
93,600
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Transcribed Image Text: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. Round your percentage answers to nearest whole percent.) Sales Net operating income Average operating assets Return on investment (ROI) Minimum required rate of return: Percentage Dollar amount Residual income A $9,120,000 $ 3,040,000 11 % 9 % $ $ $ Company B 7,200,000 290,000 20 % 261,000 % C $ 4,680,000 $ 1,872,000 $ % 13 % 93,600
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