Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 90PSB
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Determining missing items in
The following table presents various
Invested Assets |
Operating Income |
Return on Investment |
Minimum Rate of Return |
Minimum Acceptable Operating Income |
Residual Income |
||||||
$980,000 | $215,600 | (a) | 12% | (b) | (c) | ||||||
520,000 | (d) | (e) | (f) | $62,400 | $20,800 | ||||||
320,000 | (g) | 14% | (h) | 35,200 | (i) | ||||||
240,000 | 50,400 | (j) | 12% | (k) | (l) |
Determine the missing items, identifying each item by the appropriate letter.
Round dollar amounts to the nearest whole number.
Answer | ||
a. | fill in the blank 1 | % |
b. | $fill in the blank 2 | |
c. | $fill in the blank 3 | |
d. | $fill in the blank 4 | |
e. | fill in the blank 5 | % |
f. | fill in the blank 6 | % |
g. | $fill in the blank 7 | |
h. | fill in the blank 8 | % |
i. | $fill in the blank 9 | |
j. | fill in the blank 10 | % |
k. | $fill in the blank 11 | |
l. | $fill in the blank 12 |
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