Question
Determining missing items in return and residual income computations Data are presented in the following table...
Determining missing items in return and residual income computations
Data are presented in the following table of returns on investment and residual incomes:
| Invested Assets | Operating Income | Return on Investment | Minimum Return on Investment | Minimum Acceptable Operating Income | Residual Income | ||||||
| $850,000 | $187,000 | (a) | 12% | (b) | (c) | ||||||
| $480,000 | (d) | (e) | (f) | $52,800 | $24,000 | ||||||
| $290,000 | (g) | 14% | (h) | $29,000 | (i) | ||||||
| $220,000 | $46,200 | (j) | 13% | (k) | (l) | ||||||
Determine the missing items, identifying each item by the appropriate letter. For all amounts, round to the nearest whole number.
| a. | % | ||||||||
| b. | $ | ||||||||
| c. | $ | ||||||||
| d. | $ | ||||||||
| e. | % | ||||||||
| f. | % | ||||||||
| g. | $ | ||||||||
| h. | % | ||||||||
| i. | $ | ||||||||
| j. | % | ||||||||
| k. | $ | ||||||||
| l. | $ | ||||||||
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