pls answer this accounting question The service division of Retro Industries...

80.2K

Verified Solution

Question

Accounting

pls answer this accounting question

image
The service division of Retro Industries reported the following results for 2022 . Management is considering the following independent courses of action in 2023 in order to maximize the return on inves this division. 1. Reduce average operating assets by $140,000, with no change in controllable margin. 2. Increase sales by $95,850, with no change in the contribution margin percentage. (a) Calculate the controllable margin and the return on investment for 2022 . (Round RO1 to 2 decimal places, es. 1.25% )

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students