ce Using Return on In Comparative data on three companies in the same service industry are given below. Required: 2. Fill in the missing information. (Round the "Turnover" and "ROI" answers to 2 decimal Company A B. Sales $ 3,910,000 $ 1,878,000 Net operating income Average operating assets Margin 469,200 %24 356,820 $ 1,700,000 $ 2,660,000 4% Turnover 1.50 Return on investment (ROI) 11.40 %

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter14: Decentralized Operations
Section: Chapter Questions
Problem 14.16E
icon
Related questions
Question
Problem 11-19 (Algo) Comparison of Performance Using Return on Investment (ROI) [L011-
Comparative data on three companies in the same service industry are given below.
Required:
2. Fill in the missing information. (Round the "Turnover" and "ROI" answers to 2 decimal places.)
Company
A
Sales
$ 3,910,000
2$
1,878,000
Net operating income
$
469,200
356,820
Average operating assets
Margin
$ 1,700,000
$ 2,660,000
4 %
Turnover
1.50
Return on investment (ROI)
11.40 %
Transcribed Image Text:Problem 11-19 (Algo) Comparison of Performance Using Return on Investment (ROI) [L011- Comparative data on three companies in the same service industry are given below. Required: 2. Fill in the missing information. (Round the "Turnover" and "ROI" answers to 2 decimal places.) Company A Sales $ 3,910,000 2$ 1,878,000 Net operating income $ 469,200 356,820 Average operating assets Margin $ 1,700,000 $ 2,660,000 4 % Turnover 1.50 Return on investment (ROI) 11.40 %
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Ratio Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning