Answered: Sales ROI Operating assets Operating…

Sales ROI Operating assets Operating income Turnover Residual income Operating profit margin Desired rate of return $ 354,000 2.0 % 13 % 19 %

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter15: Capital Investment Analysis

Section: Chapter Questions

Problem 15.5.1MBA

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Question

Required

Supply the missing information in the following table for Rooney Company. (Do not round intermediate calculations. Round "ROI" answer to 2 decimal places. (i.e., 0.2345 should be entered as 23.45).)

Sales
ROI
Operating assets
Operating income
Turnover
Residual income
Operating profit margin
Desired rate of return
$
354,000
2.0
%
13 %
19 %

Formula Formula ROI (%) = Net Income Principal Amount × 100

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