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How much is XMart residual income

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Question - Management of XMart Department Stores wanted to know how well the jewelry department was performing based on the following information:

Average operating assets

$700,000

Controllable margin

90,000

Contribution margin

120,000

Minimum rate of return

10%

How much is XMart's residual income?

$50,000

$30,000

$20,000

$12,000

Reference no: EM132109114

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