Exercise 22-20 (Part Level Submission) Presented below is selected information f

Question

Exercise 22-20 (Part Level Submission) Presented below is selected information for three regional divisions of Medina Company Divisions Contribution margin Controllable margin Average operating North $299,800 $139,100 $993,571 West $499,400 $360,300 South $399,100 $209,000 $1,715,714 $1,492,857 assets Minimum rate of return 11% 15 % 10% Compute the return on investment for each division. (Round ROI to 0 decimal places, e.g. 15.) North Division West Division South Division Click if you would like to Show Work for this question: Open Show Work

Explanation / Answer

ROI=Controllable margin/Average operating assets

ROI North Division(139100/993571) 14% West Division(360300/1715714) 21% South Division(209000/1492857) 14%

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