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 and other amounts to whole dollars.) Company B Sales %24 400,000 790,000 630,000 Net operating income Average operating assets Return on investment (ROI) 48,000 %24 169,000 150,000 24 % 21 % Minimum required rate of return: Percentage 15 % 11 % Dollar amount 48,000 Residual income 5,000

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. Round your percentage answers to nearest whole percent and other amounts to whole dollars.) Company B Sales %24 400,000 790,000 630,000 Net operating income Average operating assets Return on investment (ROI) 48,000 %24 169,000 150,000 24 % 21 % Minimum required rate of return: Percentage 15 % 11 % Dollar amount 48,000 Residual income 5,000

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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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.) Sales Net operating income. Average operating assets Return on investment (ROI) Minimum required rate of return: Percentage Dollar amount Residual income $ Company A 400,000 Company B $ 690,000 $ Company C 670,000 $ 37,000 $ 154,000 $ 142,000 24 % 17% % 13 % % 10 % $ 44,000 $ 5,000
Subject:accounting