Question

Supply the missing information in the following table for Blair Company. Sales $484,000 ROI Operating Assets...

Supply the missing information in the following table for Blair Company.

Sales $484,000
ROI
Operating Assets
Operating income
Turnover 2.2
Residual income
Operating profit margin 0.08
Desired rate of return 10%
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Answer #1
Sales 484,000
ROI 17.6%
Operating assets 220,000
Operating income 38,720
Turnover 2.2
Residual income 16,720
Operating profit margin 0.08
Desired rate of return 10%

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