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Data on three unrelated companies are given in the following table. E10-21A (similar to) is QUE Data on three unrelated companies are given in the
Data on three unrelated companies are given in the following table.
E10-21A (similar to) is QUE Data on three unrelated companies are given in the following table. (Click the icon to view the table.) Fill in the missing information in the preceding table. (Enter the capital turnover to two decimal places X.XX.) Data Table - X Osborne, Inc. Sales ......................$ .. $ 108,000 Operating income.............. $ 43,200 Total assets ..................$ 72,000 Sales margin ............. . Capital turnover ............... Return on investment (ROI)...... Target rate of return .......... Residual income ............. Johnson Industries $ 490,000 Sales .......................$ Operating income ....... Total assets ............. ...........$ Osborne, Inc. 108,000 43,200 72,000 Plumb Company ? $ 120,000 Sales margin ............... 15% Capital turnover ............. 5.00 Return on investment (ROI) .... 20% Target rate of return ... Residual income (RI) ......... 20% ? $ 1.960 Enter any number in the edit fields and then click Check Answer. Print Done 2 partsStep by Step Solution
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