Problem 10-17 (Algo) Comparison of Performance Using Return on Investment (ROI) [LO10-1]Comparative data on three companies in the same service industry are given below:Required:2. Fill in the missing information. (Round the "Turnover" and "ROI" answers to 2 decimal places.)SalesNet operating incomeAverage operating assetsMarginTurnoverReturn on investment (ROI)$Company A4,200,000546,000$$ 1,750,000%%Company B$ 1,610,000$241,500%7.50 %Company C$ 2,970,0008%1.80%

ROI is a basic financial metric that compares an investment's net profit to its initial cost in…

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Business

Accounting

Sales Net operating income Average operating assets Margin Turnover Return on investment (ROI)

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

Problem 10-17 (Algo) Comparison of Performance Using Return on Investment (ROI) [LO10-1]
Comparative data on three companies in the same service industry are given below:
Required:
2. Fill in the missing information. (Round the "Turnover" and "ROI" answers to 2 decimal places.)
Sales
Net operating income
Average operating assets
Margin
Turnover
Return on investment (ROI)
$
Company A
4,200,000
546,000
$
$ 1,750,000
%
%
Company B
$ 1,610,000
$
241,500
%
7.50 %
Company C
$ 2,970,000
8%
1.80
%

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