Exercise 10-21 Presented below is selected financial information for two divisio

Question

Exercise 10-21

Presented below is selected financial information for two divisions of Yono Brewing.

Supply the missing information for the lettered items. (Round minimum rate of return and ROI to 1 decimal place, e.g. 10.5% and round average operating assets to 0 decimal places e.g. 58,971.)

Lager

Lite Lager

$499,200

$299,700

199,900

$1,199,000

13

21

$99,500

$203,900

Lager

Lite Lager

Contribution margin

$499,200

$299,700

Controllable margin

199,900

(c) Average operating assets

$

(a)

$1,199,000

Minimum rate of return

% (b)

13

% Return on investment

21

%

% (d) Residual income

$99,500

$203,900

Explanation / Answer

Exercise 10-21 Presented below is selected financial information for two divisio

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