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 Recorded Operating Data for Its Sandtrap Division for the the Year