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Presented below is selected information for three regional divisions of Medina Company. Divisions North West South Contribution margin $300,700 $499,800 $400,600 Controllable margin $139,500 $359,600
Presented below is selected information for three regional divisions of Medina Company.
Divisions | |||||||||
North | West | South | |||||||
Contribution margin | $300,700 | $499,800 | $400,600 | ||||||
Controllable margin | $139,500 | $359,600 | $210,800 | ||||||
Average operating assets | $996,429 | $1,892,632 | $1,505,714 | ||||||
Minimum rate of return | 11 | % | 15 | % | 8 | % |
Compute the return on investment for each division. (Round ROI to 0 decimal places, e.g. 15.) North Division West Division South Divisiorn 14 | % 191% 14 | % 0 SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 3 used (b) Compute the residual income for each division. (Round final answers to 0 decimal places, e.g. 1,255.) North Division West Division South Division
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