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Presented below is information related to the Southern Division of Lumber, Inc. Contribution margin $1,228,300 Controllable margin $1,016,750 Average operating assets $4,067,000 Minimum rate of
Presented below is information related to the Southern Division of Lumber, Inc.
| Contribution margin | $1,228,300 | ||
| Controllable margin | $1,016,750 | ||
| Average operating assets | $4,067,000 | ||
| Minimum rate of return | 20 | % |
Compute the Southern Divisions return on investment and residual income.
| Return on investment |
| % | |
| Residual income | $ |
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Auditing That Matters
Authors: Norman D Marks
1st Edition
1537662023, 978-1537662022
