
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
am.140.

Transcribed Image Text:Supply the missing data for three service companies shown in the table below:
Note: Loss amounts should be indicated by a minus sign. Round your percentage answers to nearest whole percent.
Company
B
C
A
Sales
Net operating income
$ 9,300,000
$ 7,500,000
$ 315,000
$ 4,950,000
Average operating assets
$ 3,100,000
$ 1,980,000
Return on investment (ROI)
17 %
14 %
%
Minimum required rate of return:
Percentage
Dollar amount
Residual income
15 %
%
15 %
$
360,000
$
99,000
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