Question
A family friend has asked for your help in analyzing the operations of three anonymous companies. Required: Supply the missing data in the tabulation below:
A family friend has asked for your help in analyzing the operations of three anonymous companies.
Required: Supply the missing data in the tabulation below: (Negative amounts should be indicated with a minus sign.)
|
| Company | |||||
|
| A B C |
| ||||
| Sales | $10,900,00 |
| $6,700,000 |
| $9,000,000 |
|
| Net operating income |
|
| $238,00 |
|
|
|
| Average operating assets | $4,240,000 |
|
|
| 6,200,000 |
|
| Return on investment | 19 | % | 14 | % | 24 | % |
| The minimum required rate of return |
|
|
|
|
|
|
| Percentage | 17 | % |
| % |
| % |
| Dollar amount |
|
| $ 340,000 |
|
|
|
| Residual income (loss) |
|
|
|
| 186,000 |
|
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GAO Financial Audit Manual Volume 2 Updated March 2021
Authors: United States Government GAO
2021 Edition
B091WM9DZW, 979-8733082875
