Question
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
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. Enter your ROI and Rate of Return Percentage answers to the nearest percentage (i.e., 0.12 should be entered as 12).)
Sales $530,000
Net operating income $24,840
Average operating assets $154,000
Return on investment (ROI)-??
Minimum Required Rate of return:
Percentage 12%
Dollar amount $18,480
Residual income $6,000
I have found everything on this answer but the ROI. Could you show me how to get that based off the other answers I have found?
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