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