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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
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.) Smith, Inc. Sales ........... ................ $ 108,000 Operating income ............. $ 43,200 Total assets ........ 72,000 $ 72 000 Sales margin ...... Capital turnover ......... Return on investment (ROI) Target rate of return Residual income ........... 9 % Data Table Johnson Industries $ 525,000 Sales . . . . . . . . . Operating income ........ Smith, Inc. 108,000 43,200 72,000 Fielding Company ? $ 129,600 Total assets 16% 15% 4.50 Sales margin ........... Capital turnover .... Return on investment (ROI) Target rate of return. Residual income (RI)......... 42% Enter any nume 19% ? $ 41,250 parts
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