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Supply the missing data for three service companies shown in the table below: Note: Loss amounts should be indicated by a minus sign. Round your percentage answers to nearest whole percent. Sales Net operating income Average operating assets Return on investment (ROI) Minimum required rate of return: Percentage Dollar amount Residual income A $ 9,600,000 $ 3,200,000 16 % 14 % Company B $ 8,000,000 $ 350,000 $ 14 % 300,000 % с $5,400,000 $ 2,160,000 $ % 15 % 108,000

Supply the missing data for three service companies shown in the table below: Note: Loss amounts should be indicated by a minus sign. Round your percentage answers to nearest whole percent. Sales Net operating income Average operating assets Return on investment (ROI) Minimum required rate of return: Percentage Dollar amount Residual income A $ 9,600,000 $ 3,200,000 16 % 14 % Company B $ 8,000,000 $ 350,000 $ 14 % 300,000 % с $5,400,000 $ 2,160,000 $ % 15 % 108,000

FINANCIAL ACCOUNTING
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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Supply the missing data for three service companies shown in the table below: Note: Loss amounts should be indicated by a minus sign. Round your percentage answers to nearest whole percent. Sales Net operating income Average operating assets Return on investment (ROI) Minimum required rate of return: Percentage Dollar amount Residual income $ $ A 9,600,000 3,200,000 16 % 14 % Company B $8,000,000 350,000 $ $ 14 % 300,000 % C $ 5,400,000 $ 2,160,000 % 15 % $ 108,000
Transcribed Image Text:Supply the missing data for three service companies shown in the table below: Note: Loss amounts should be indicated by a minus sign. Round your percentage answers to nearest whole percent. Sales Net operating income Average operating assets Return on investment (ROI) Minimum required rate of return: Percentage Dollar amount Residual income $ $ A 9,600,000 3,200,000 16 % 14 % Company B $8,000,000 350,000 $ $ 14 % 300,000 % C $ 5,400,000 $ 2,160,000 % 15 % $ 108,000
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