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Operating data from Tindall Company for last year follows: Sales $945,000 Stockholders equity $515,000 Return on investment 21% Average operating assets ? Turnover 1.50 Residual
Operating data from Tindall Company for last year follows: |
Sales | $945,000 |
Stockholders equity | $515,000 |
Return on investment | 21% |
Average operating assets | ? |
Turnover | 1.50 |
Residual income | ? |
Minimum required rate of return | 18% |
Total assets | $754,000 |
The average operating assets amounted to: |
$754,000
$377,000
$515,000
$630,000
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