Presented below is information related to the Hokie Division of Lumber, Inc. Contribution margin $1,200,900 Controllable margin $895,180 Average operating assets $4,069,000 Minimum rate of return 15 Compute the Hokie Division's return on investment.

Presented below is information related to the Hokie Division of Lumber, Inc. Contribution margin $1,200,900 Controllable margin $895,180 Average operating assets $4,069,000 Minimum rate of return 15 Compute the Hokie Division's return on investment.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 13EA: Company A has current sales of $10,000,000 and a 45% contribution margin. Its fixed costs are...

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Question

100%

Presented below is information related to the Hokie Division of Lumber, Inc.
Contribution margin
$1,200,900
Controllable margin
$895,180
Average operating assets
$4,069,000
Minimum rate of return
15
Compute the Hokie Division's return on investment.
12%
28%
15%
22%

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