Question
Richard's Division of Richard and Sons has the following data related to a particular period: Average invested capital$700 000Imputed interest rate10%Revenues$1 900 000Variable costs$1 150
Richard's Division of Richard and Sons has the following data related to a particular period:
Average invested capital$700 000Imputed interest rate10%Revenues$1 900 000Variable costs$1 150 000Fixed costs related solely to the division$673 000
Calculate the return on investment for the period.
Multiple Choice
- 11%
- 10%
- 4%
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Managerial Accounting
Authors: Wendy M. Tietz, Louis Beaubien, Karen W. Braun
3rd Canadian edition
134460826, 134460820, 9780134524818 , 978-0134526270
