Determining missing items in return and residual income computations Data are presented in the following table of returns on investment and residual incomes: Invested Assets Operating Income Return on Investment Minimum Return on Investment Minimum Acceptable Operating Income Residual Income $800,000 $200,000 (a) 14% (b) (c) $480,000 (d) (e) (f) $57,600 $19,200 $380,000 (g) 14% (h) $38,000 (i) $290,000 $55,100 (j) 12% (k) (l) Determine the missing items, identifying each item by the appropriate letter. For all amounts, round to the nearest whole number. a. fill in the blank 1 % b. $fill in the blank 2 c. $fill in the blank 3 d. $fill in the blank 4 e. fill in the blank 5 % f. fill in the blank 6 % g. $fill in the blank 7 h. fill in the blank 8 % i. $fill in the blank 9 j. fill in the blank 10 % k. $fill in the blank 11 l. $fill in the blank 12

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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    Determining missing items in return and residual income computations

    Data are presented in the following table of returns on investment and residual incomes:

    Invested Assets Operating Income Return on Investment Minimum Return on Investment Minimum Acceptable Operating Income Residual Income
    $800,000   $200,000   (a)     14%   (b)       (c)     
    $480,000     (d)   (e)     (f)     $57,600   $19,200  
    $380,000     (g)   14%   (h)     $38,000   (i)     
    $290,000   $55,100   (j)     12%   (k)       (l)     

    Determine the missing items, identifying each item by the appropriate letter. For all amounts, round to the nearest whole number.

    a.   fill in the blank 1 %
    b.   $fill in the blank 2  
    c.   $fill in the blank 3  
    d.   $fill in the blank 4  
    e.   fill in the blank 5 %
    f.   fill in the blank 6 %
    g.   $fill in the blank 7  
    h.   fill in the blank 8 %
    i.   $fill in the blank 9  
    j.   fill in the blank 10 %
    k.   $fill in the blank 11  
    l.   $fill in the blank 12  
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