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Waterway Industries recorded operating data for its shoe division for the year. The companys desired return is 5%. Sales $1600000 Contribution margin 240000 Total direct

Waterway Industries recorded operating data for its shoe division for the year. The companys desired return is 5%.

Sales $1600000
Contribution margin 240000
Total direct fixed costs 120000
Average total operating assets 480000

Which one of the following reflects the controllable margin for the year?

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