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What is division a residual income

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Reference no: EM133033035

Problem - Mixie Company has the following data for last year:

 

Division A

Division B

Sales

$360,000

$300,000

Contribution margin

$120,000

$125,000

Operating income

$70,000

$30,000

Average operating assets

$240,000

$200,000

Actual Cost of capital

15%

15%

Mixie Company has a minimum acceptable rate of return equal to 13%. Round answers two decimal places.

Required -

1. What is Division A's margin?

2. What is Division A's turnover?

3. What is Division A's ROI?

4. What is Division A's residual income?

Reference no: EM133033035

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