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Presented below is information related to the Concord of Lumber, Inc. Contribution margin $1,231,600 Controllable margin $938,170 Average operating assets $4,079,000 Minimum rate of
Presented below is information related to the Concord of Lumber, Inc. Contribution margin $1,231,600 Controllable margin $938,170 Average operating assets $4,079,000 Minimum rate of return 20 % Compute the Concord's return on investment and residual income. Return on investment Residual income A %
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