Crane Company had the following operating data for the current year: sales, $470000; contribution margin, $117000; total fixed costs(controllable), $50000; and average total operating assets, $240000. If management is able to improve its contribution margin by$17000 and hold its fixed costs constant, what would Crane's ROI be for the year?Ⓒ28%35%Ⓒ49%18%. If controllable margin is $300000 and the average investment center operating assets are $4000000, the return on investment is10%Ⓒ8%13.33%133 %.

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Answered: Crane Company had the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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