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3. Data on three unrelated companies are given in the following table. (Click the icon to view the table.) Requirement 1. Fill in the missing
3. Data on three unrelated companies are given in the following table. (Click the icon to view the table.) Requirement 1. Fill in the missing information. (Round asset turnover to two decimal places. All other answers, round to the nearest whole number.) Cole Company Samson Industries Hoffman Inc. Sales $ 105,000 $ $ 500,000 Operating income $ $ 164,000 37,800 84,000 Total assets. $ Profit margin. % 20 % 10 % % 4 % % 25 % Asset turnover Return on investment (ROI) Target rate of return Residual income 12 % 21 % % $ 12,000 1: Data Table Samson Industries Hoffman, Inc. Cole Company $ 105,000 $ 37,800 ? $ 500,000 $ 164,000 ? $ 84,000 ? 2 Sales...... Operating income Total assets Profit margin Asset turnover... Return on investment (ROI) Target rate of return ? 20% 10% ? 4.10 2 ? ? 25% 12% 21% ? Residual income ...... ? ? $ 12,000
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