Monte, Inc.recorded operating data for its Sandtrap division for the year.Monte requires its return to be 9%. $$\begin{array} { l r }
\text { Sales } & \$ 1,000,000 \
\text { Controllable margin } & 180,000 \
\text { Total average assets } & 600,000 \
\text { Fixed costs } & 60,000
\end{array}$$ How much is ROI for the year?
A)10%
B)17%
C)20%
D)30%

Question

Monte, Inc.recorded operating data for its Sandtrap division for the year.Monte requires its return to be 9%. $$\begin{array} { l r } 
\text { Sales } & \$ 1,000,000 \
\text { Controllable margin } & 180,000 \
\text { Total average assets } & 600,000 \
\text { Fixed costs } & 60,000
\end{array}$$ How much is ROI for the year?
A)10%
B)17%
C)20%
D)30%

Quizplus · Accepted Answer

The Answer of Monte, Inc.recorded operating data for its Sandtrap division for the year.Monte requires its return to be 9%. $$\begin{array} { l r } 
\text { Sales } & \$ 1,000,000 \
\text { Controllable margin } & 180,000 \
\text { Total average assets } & 600,000 \
\text { Fixed costs } & 60,000
\end{array}$$ How much is ROI for the year?
A)10%
B)17%
C)20%
D)30%

Monte, Inc How Much Is ROI for the Year? A)10% B)17% C)20

Monte, Inc How Much Is ROI for the Year?
A)10%
B)17%
C)20