Solved

The Following Data Have Been Extracted from the Year-End Reports

Question 166

Essay

The following data have been extracted from the year-end reports of two companies: Company X and Company Y:
 Company X  Company Y  Sales $800,000? Operating income $56,000? Average operating assets ?$125,000 Margin ?4% Turnover ?6 Return on investment 14%?\begin{array}{|l|r|r|}\hline & \text { Company X } & \text { Company Y } \\\hline \text { Sales } & \$ 800,000 & ? \\\hline \text { Operating income } & \$ 56,000 & ? \\\hline \text { Average operating assets } & ? & \$ 125,000 \\\hline \text { Margin } & ? & 4 \% \\\hline \text { Turnover } & ? & 6 \\\hline \text { Return on investment } & 14 \% & ? \\\hline\end{array} Required:
Fill in the missing data on the above table.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions