Waterway Industries recorded operating data for its shoe division for the year. Sales Contribution margin Controllable fixed costs Average total operating assets $1600000 420000 180000 840000 How much is controllable margin for the year? O 26% O 50% O $420000 $240000 On January 1, Sheffield Corp. has a beginning cash balance of $286000. During the year, the company expects cash disbursements of $1070000 and cash receipts of $870000. If Sheffield requires an ending cash balance of $210000, Sheffield Corp. must borrow O $296000, $486000 O $210000 O $124000