The following selected data pertain to the Silverthorne Division for last year: Sales ............ $1,000,000 Variable costs
Question:
Sales ............ $1,000,000
Variable costs ........ $600,000
Traceable fixed costs ..... $100,000
Average invested capital ...... $1,500,000
Imputed interest rate ...... 15%
Required:
1. How much is the residual income?
2. How much is the return on investment?
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1 Net income 1000000 600...View the full answer
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Related Book For 
Cost Management Accounting and Control
ISBN: 978-0324559675
6th Edition
Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan
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