Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a family friend has asked your help in analyzing t

A family friend has asked your help in analyzing the operations of three anonymous companies...

60.1K

Verified Solution

Question

Accounting

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.)

CompanyABCSales $9,060,000$7,100,000$4,590,000Net operating income $285,000Average operating assets$3,020,000$1,836,000Return on investment (ROI) 20%12%%Minimum required rate of return: Percentage 18%%11%Dollar amount $332,500Residual income $91,800

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1. What is the chromosome theory of inheritance? 2. Understand how independent assortment can cause gametes...

Biology
Q

1. In humans, darker skin color is adaptive at latitudes near the equator (where ultraviolet light...

Medical Sciences
Q

A 3 phase 460 V, 60 Hz, 4 pole, delta connected induction motor has the following...

Electrical Engineering
Q

A 27 Which a b C d e sequence of transformations takes the graph of...

Geometry
Q

n the diagram below NO is parallel to KL If NO is 5 less than...

Geometry
Q

Triangle JKL is similar to triangle MNO What is the value of x 8 in...

Basic Math
Q

2. Differentiate between the transaction processing systems and Management Information Systems

Accounting
Q

formulas for the x values June Planned BOM Stock Planned...

Accounting
Q

The following data conceming the retail inventory method are taken from the financial records of...

Accounting
Q

ElectronPlus manufactures and sells a unique electronic part. Operating results for the first three years...

Accounting
Q

Irwin, Inc., constructed a machine at a total cost of $58 million. Construction was completed...

Accounting
Q

Garth purchased merchandise inventory costing $24,000 with credit terms of 2/10, net 30. Eight days...

Accounting