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A family friend has asked for your help in analyzing the operations of three anonymous companies. Required: Supply the missing data in the tabulation
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 B C A Sales Net operating income $ 10,650,000 $ 7,500,000 $ 270,000 $ 8,800,000 Average operating assets Return on investment $ 4,200,000 $ 5,400,000 17 % 15 % 22 % Minimum required rate of return: Percentage Dollar amount Residual income (loss) 12 % % $ 324,000 $ 162,000 %
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