Need help with part C, already entered 19.58%. Exercise 22-16 (Part Level Submis

Question

Need help with part C, already entered 19.58%.

Exercise 22-16 (Part Level Submission) The Sports Equipment Division of Harrington Company is aperated as a profit center. Sales for the division were budpeted for 2017 at f997,800. The only variable costs budgeted for the division were cost of oods sold ($443,990) and seling and admiistrative (61.490). Fixed costs were budgeted at $102,670 for cost af goods sold, $92,790 for selling and administrative, and $71,070 for noncontrollable fixed costs. Actual results for these items were 382,020 Cost of goods sold 41D.490 106,940 Selling and administrative Variable G1,250 70,560

Explanation / Answer

(b). Return on Investment = (Controllable margin - Noncontrollable fixed) / average operating assets X 100 = [($2,32,780 - $91,330) /$11,88,300] X 100 = 11.9%

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