ACCOUNTING EXPERT TODAY 10/11

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Business Finance

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Voorhees, Inc. reports the following financial information. Average operating assets Controllable margin Minimum rate of return $3,044,400 $700,212 7% Compute the return on investment and the residual income. Return on investment Residual income 23 $ % 49014.84 Presented below is information related to the Southern Division of Lumber, Inc. Contribution margin Controllable margin Average operating assets Minimum rate of return $1,249,700 $976,104 $4,067,100 17 % Compute the Southern Division’s return on investment and residual income. Return on investment Residual income % $
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