Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Current Attempt in Progress Return on investment is often expressed as follows: Controllable margin Controllable margin Sales ROI X Average operating assets Sales Average operating
Current Attempt in Progress Return on investment is often expressed as follows: Controllable margin Controllable margin Sales ROI X Average operating assets Sales Average operating assets (b1) Comparative data on three companies operating in the same industry follow. The minimum required ROI is 10% for all three companies. Determine the missing amounts. (Round asset turnover of Company B and return on investment of Company C to 1 decimal place, e.g. 15.2 or 15.2% and all other answers to O decimal places, e.g. 152. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Company A Company B Company C Sales $1,620,000 $795,400 (a) $ Net operating (b) income $194,400 $167,034 $Comparative data on three companies operating in the same industry follow. The minimum required ROI is 10% for all three companies. Determine the missing amounts. (Round asset turnover of Company B and return on investment of Company C to 1 decimal place, e.g. 15.2 or 15.2% and all other answers to O decimal places, e.g. 152. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Company A Company B Company C Sales $1,620,000 $795,400 (a) Net operating (b) $ income $194,400 $167,034 Average operating (c) to assets $810,000 $5,199,000 Profit (d) % % 0.5 % margin Assets (f) (g) turnover 3 Return on (h) % 2.1 % (i) % investment Residual (j) $ (K) $ (1) $ income
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started