Data for the following subsidiaries of Timmons Company which are operated as investment centers are as follows: Sales Controllable Margin Average Operating Assets Contribution Margin Controllable Fixed Costs Return on Investment Black Company $3,000,000 (1) (2) 900,000 400,000 10% Greer Company $2,000,000 (3) 6,000,000 900,000 150,000 (4)
Data for the following subsidiaries of Timmons Company which are operated as investment centers are as follows: Sales Controllable Margin Average Operating Assets Contribution Margin Controllable Fixed Costs Return on Investment Black Company $3,000,000 (1) (2) 900,000 400,000 10% Greer Company $2,000,000 (3) 6,000,000 900,000 150,000 (4)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Compute the missing amounts using the ROI formula.
Transcribed Image Text:Data for the following subsidiaries of Timmons Company which are operated as investment
centers are as follows:
Sales
Controllable Margin
Average Operating Assets
Contribution Margin
Controllable Fixed Costs
Return on Investment
Black Company
$3,000,000
(1)
(2)
900,000
400,000
10%
Greer Company
$2,000,000
(3)
6,000,000
900,000
150,000
(4)
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