Return on investment and residual income
Required
Supply the missing information in the following table for Tolbert Company.
|
Sales |
$264,000 |
|
ROI |
? |
|
Operating assets |
? |
|
Operating income |
? |
|
Turnover |
2.2 |
|
Residual income |
? |
|
Margin |
0.13 |
|
Desired rate of return |
18% |