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The Sports Equipment Division of Harrington Company is operated as a profit center. Sales for the division were budgeted for 2020 at $901,000. The only

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The Sports Equipment Division of Harrington Company is operated as a profit center. Sales for the division were budgeted for 2020 at $901,000. The only variable costs budgeted for the division were cost of goods sold ($445,000) and selling and administrative ($62,000). Fixed costs were budgeted at $105,000 for cost of goods sold, $89,000 for selling and administrative, and $69,000 for noncontrollable fixed costs. Actual results for these items were: Sales $880,000 Cost of goods sold Variable 408,000 106,000 Fixed Selling and administrative Variable Fixed 60,000 69,000 92,000 Noncontrollable fixed Assume the division is an investment center, and average operating assets were $1,000,000. The noncontrollable fixed costs are controllable at the investment center level. Compute ROI using the actual amounts. (Round ROI to 1 decimal place, e.g. 1.5.) Return on investment %

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