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 490,000 156,000 22 % 14 % 21,840 $ $ $ Company B 700,000 36,000 18 % 43,000 % $ $ $ $ Company C 600,000 155,000 % 14 % 21,700 4,000
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.) Sales Net operating income Average operating assets Return on investment (ROI) Minimum required rate of return: Percentage Dollar amount Residual income $ $ $ Company A 490,000 156,000 22 % 14 % 21,840 $ $ $ Company B 700,000 36,000 18 % 43,000 % $ $ $ $ Company C 600,000 155,000 % 14 % 21,700 4,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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. 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
490,000
156,000
22 %
14%
21,840
Company B
$ 700,000
$
36,000
$
18 %
43,000
%
$
$
$
$
Company C
600,000
155,000
%
14 %
21,700
4,000
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