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For the most recent year, Petunia Company had the following data for its Clarkston Division, an investment center: total contribution margin-$671,110 budget, $695,741 actual; controllable
For the most recent year, Petunia Company had the following data for its Clarkston Division, an investment center: total contribution margin-$671,110 budget, $695,741 actual; controllable fixed costs-$298,900 budget, $295,007 actual. Average operating assets for the year were $1,959,045. Determine the actual return on investment. 6 towint For the most recent year, Peturia Company had the following data for its Clarkston Dyision, an investmentcenter fotal contribution margin-s671, 110 budget. Determine the actual retum an invertment Tyocyour anwer
For the most recent year, Petunia Company had the following data for its Clarkston Division, an investment center: total contribution margin-$671,110 budget, $695,741 actual; controllable fixed costs-$298,900 budget, $295,007 actual. Average operating assets for the year were $1,959,045. Determine the actual return on investment.
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