Presented below is selected financial information for two divisions of Crane Brewing. Supply the missing information for the lettered items. Lager Lite Lager Contribution margin $500,000 $299,200 Controllable margin 199,920 (c) Average operating assets $ (a) $1,200,900 Minimum rate of return $ % (b) 14 % Return on investment Residual income 21 % $104,720 % (d) $204,153

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Presented below is selected financial information for two divisions of Crane Brewing.
Supply the missing information for the lettered items.
Lager
Lite Lager
Contribution margin
$500,000
$299,200
Controllable margin
199,920
(c)
Average operating assets $
(a)
$1,200,900
Minimum rate of return
$ % (b)
14 %
Return on investment
Residual income
21 %
$104,720
% (d)
$204,153
Transcribed Image Text:Presented below is selected financial information for two divisions of Crane Brewing. Supply the missing information for the lettered items. Lager Lite Lager Contribution margin $500,000 $299,200 Controllable margin 199,920 (c) Average operating assets $ (a) $1,200,900 Minimum rate of return $ % (b) 14 % Return on investment Residual income 21 % $104,720 % (d) $204,153
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