Exercise 25-21 Presented below is selected financial information for two divisions of Sheridan Brewing. Supply...
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Exercise 25-21 Presented below is selected financial information for two divisions of Sheridan Brewing. Supply the missing information for the lettered items. (Round minimum rate of return and ROI to 1 decimal place, e.g. 10.5%.) Lager Lite Lager $299,500 Contribution margin Controllable margin $500,100 200,000 (0) Average operating assets (a) $1,201,000 Minimum rate of return % (b) 11 % Return on investment 16 % % (d) Residual income $100,000 $204,170 Click if you would like to Show Work for this question: Open Show Work
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