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Managerial Accounting, 15th Edition Performance Measurement in Decentralized Organizations EXERCISE 11-9 Return on Investment (ROI) and Residual income Relations (LO11-1, 1-4 A family friend has
Managerial Accounting, 15th Edition Performance Measurement in Decentralized Organizations EXERCISE 11-9 Return on Investment (ROI) and Residual income Relations (LO11-1, 1-4 A family friend has asked your help in analyzing the operations of three anonymous companie operating in the same service sector industry. Supply the missing data in the table below: Company $9,000,000 $ ? $3,000,000 18% $7,000,000 $ 280,000 $ ? 14% $4,500,000 $ ? $1,800,000 Sales . ...... ... ......... Net operating income .... Average operating assets .... Return on investment (ROI) ..... Minimum required rate of return: Percentage.... Dollar amount Residual income ... $ $ 16% ? ? $ 320,000 $ ? $ $ 15% ? 90,000
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