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Exercise 11-9 (Algo) Return on Investment (ROI) and Residual Income Relations [LO11-1, LO11-2] A family friend has asked your help in analyzing the operations of
Exercise 11-9 (Algo) Return on Investment (ROI) and Residual Income Relations [LO11-1, LO11-2] 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. Round your percentage answers to nearest whole percent.) Sales Net operating income Average operating assets Return on investment (ROI) Minimum required rate of return: Percentage Dollar amount Residual income $ $ $ $ $ A 9,390,000 626,000 3,130,000 20 % 18 % 563,400 62,600 Company B $ 7,650,000 324,000 1,800,000 $ $ $ 18 % 20 % 360,000 C $ 5,085,000 $ 345,780 $ 2,034,000 $ $ 17 % 12% 244,080 101,700
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