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Knowledge Check

East Division of Ayayai Anchors provided the following information:

Contribution margin $$800,000$

Controllable margin $$249,900$

Average operating assets $$2,100,000$

Minimum rate of return

$7\%$

Compute the return on investment and the residual income. $($Round return on investment answer to two decimal places $($e$.15\mathrm{.}25\%.$

Return on investment

$\%$

Residual in$$ome

$

Attempts: $1$ of $3$ used