Presented below is information related to the Southern Division of Lumber Ltd. Contribution margin $1,222,800 Controllable margin $1,018,975 Average operating assets $4,075,900 Minimum rate of return 17 % Calculate the Southern Division's return on investment and residual income. Return on investment Residual income $ do %

Presented below is information related to the Southern Division of Lumber Ltd. Contribution margin $1,222,800 Controllable margin $1,018,975 Average operating assets $4,075,900 Minimum rate of return 17 % Calculate the Southern Division's return on investment and residual income. Return on investment Residual income $ do %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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