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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.) Sales Net operating income Average operating assets Return on investment (ROI) Minimum required rate of return: Percentage Dollar amount Residual income Company A Company B Company C $ 9,000,000 $ 7,000,000 $ 4,500,000 $ 280,000) $ 3,000,000 $ 1,800,000 18 % 14 % %6 16% % 15 % $ 320,000 $ 90,000
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