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What is the Residual Income for the Strata Division

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Reference no: EM133032201

Problem - The Strata Division of Cloud Production Company reported the following results for 2021:

Sales $4,800,000

Variable Costs 2,760,000

Controllable Fixed Costs $1,518,000

Average Operating Assets $2,900,000

The minimum required rate of return of is 14% for the Strata Division.

Required - Answer the following questions:

1. What is the controllable margin of the Strata Division for 2021?

2. What is the Return on Investment (ROI) for the Strata Division for 2021?

3. What is the Residual Income for the Strata Division for 2021?

Reference no: EM133032201

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