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Presented below is information related to the Hokie Division of Lumber, Inc. Contribution margin $1,200,900 Controllable margin $895,180 Average operating assets $4,069,000 Minimum rate of
Presented below is information related to the Hokie Division of Lumber, Inc.
| Contribution margin | $1,200,900 | ||
| Controllable margin | $895,180 | ||
| Average operating assets | $4,069,000 | ||
| Minimum rate of return | 15 | % |
Compute the Hokie Divisions return on investment.
Group of answer choices
28%
12%
22%
15%
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Quality Audits For Improved Performance
Authors: Dennis R. Arter
2nd Edition
0873892631, 978-0873892636
