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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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Question

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
A
C
Sales
$
320,000
2$
820,000
$
630,000
Net operating income
2$
49,000
Average operating assets
2$
158,000
2$
141,000
Return on investment (ROI)
21 %
18 %
%
Minimum required rate of return:
Percentage
15 %
%
12 %
Dollar amount
2$
48,000
Residual income
2$
6,000

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