The owner of Crane Toy Manufacturing Company has recently expanded his business in order...
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The owner of Crane Toy Manufacturing Company has recently expanded his business in order to add an additional product line. In addition to toys, the company now sells shirts. The company has a minimum rate of return of 15%. Sales Controllable margin Average operating assets Toys $624,000 Residual Income $ 144,000 924,000 Shirts Toys $224,000 34,000 Compute the residual income for both investment centers. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 274,000 Shirts
The owner of Crane Toy Manufacturing Compary has recently expanded his business in order to add an additional product line. In addition to toys, the compary now sells shirts. The company has a minimum rate of return of 15%. Compute the residual income for both investment centers. (Enter negative amounts using cither a negotive sisn precedirs the number es? -45 or parentheses es. (45)
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