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please answer asap The owner of the Matt Lucas Furniture Manufacturing Company has recently expanded his business in order to add an additional product line.
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The owner of the Matt Lucas Furniture Manufacturing Company has recently expanded his business in order to add an additional product line. In addition to rocking chairs, the company now sells end tables. The company has a minimum rate of return of 15%. Rocking Chairs End Tables Sales $2,016,000 $4,002,000 Controllable margin 1,268,250 2,623,500 Average operating assets 5,073,000 7,950,000 Compute the residual income for both investment centers (This question is worth 2 1/2 pts in extra credit points) O Rocking Chairs $3,804,750 and End Tables $5,326,500 Rocking Chairs $507,300 and End Tables $1.431.000 O Rocking Chairs $3,057,000 and End Tables $3,948,000 Rocking Chairs $507,300 and End Tables $3,948,000Step by Step Solution
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