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A family friend has asked your help in analyzing the operations of three anonymous companies operating in the same service sector industry. Supply the
A family friend has asked your help in analyzing the operations of three anonymous companies operating in the same service sector industry. Supply the missing data in the table below: (Loss amounts should be indicated by a minus sign. Round your percentage answers to nearest whole percent.) Company B Sales Net operating income Average operating assets Return on investment (ROI) Percentage Dollar amount Residual income $ 9,270,000 $ 7,450,000 $ 308,000 $ 4,905,000 $ 3,090,000 $ 1,962,000 16 % 20 % % Minimum required rate of return 14 % % 19 % $ 277,200 $ 98,100
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