(Answered) Te data for a cears investment center is given below 1112

Accounting

The data for a Cears investment center is given below.

1/1/12 12/31/12

Current assets $ 300,000 $ 700,000

Plant assets 3,000,000 4,000,000

Idle plant assets 250,000 330,000

Land held for future use 1,200,000 1,200,000

The controllable margin is $760,000.

What is the return on investment for the center for 2013?

19%

21%

22.8%

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