Question
Presented below is information related to the Southern Division of Lumber Ltd. Contribution margin $1,223,300 Controllable margin $1,018,850 Average operating assets $4,075,400 Minimum rate of
Presented below is information related to the Southern Division of Lumber Ltd.
Contribution margin $1,223,300
Controllable margin $1,018,850
Average operating assets $4,075,400
Minimum rate of return 20%
Calculate the Southern Division's return on investment and residual income.
Return on investment ?
%Residual income$ ?
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College Accounting Chapters 1-27
Authors: James A. Heintz, Robert W. Parry
23rd edition
1337794759, 978-1337794756
