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Data on three unrelated companies are given in the following table. a (Click the icon to view the table.) Requirement 1. Fill in the missing
Data on three unrelated companies are given in the following table. a (Click the icon to view the table.) Requirement 1. Fill in the missing information. (Round asset turnover to two decimal places. All other answers, round to the nearest whole number.) Preston Company Fielding Industries Hoffman Inc. Sales ....................... $ 105.000 I:| $ 525,000 Operating income ............ $ 37,300 $ 114,100 |:| Total assets .................. $ 84,000 :l :l Profit margin ................. |:| % 14 % 15 % Asset turnover ............... :l 5.00 :| Return on investment (ROI) . . . .|:| % |:| % 42 % Target rate of return ........... 12 % 18 % |:| % Residual income .............. :l :| $ 41,250 Data table Preston Company Sales ....................... $ 105.000 Operating income ............ $ 37,800 Total assets ................. $ 84,000 Profit margin ................ ? Asset turnover ............... ? Return on investment (ROI) . . . . ? Target rate of return .......... 12% Residual income ............. ? Fielding Industries ? $ 114,100 ? 14% 5.00 ? 18% ? Hoffman, Inc. $ 525,000 ? ? 15% 42% $ 41,250
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