CinRich Corporation recorded operating data for its Waterhole division for the year.CinRich requires its return to be 9%. $$\begin{array} { l r }
\text { Sales } & \$ 500,000 \
\text { Controllable margin } & 90,000 \
\text { Total average assets } & 300,000 \
\text { Fixed costs } & 30,000 \
\text { Residual income } & 50,000
\end{array}$$ How much is ROI for the year?

Question

CinRich Corporation recorded operating data for its Waterhole division for the year.CinRich requires its return to be 9%. $$\begin{array} { l r } 
\text { Sales } & \$ 500,000 \
\text { Controllable margin } & 90,000 \
\text { Total average assets } & 300,000 \
\text { Fixed costs } & 30,000 \
\text { Residual income } & 50,000
\end{array}$$ How much is ROI for the year?

Quizplus · Accepted Answer

The Answer of CinRich Corporation recorded operating data for its Waterhole division for the year.CinRich requires its return to be 9%. $$\begin{array} { l r } 
\text { Sales } & \$ 500,000 \
\text { Controllable margin } & 90,000 \
\text { Total average assets } & 300,000 \
\text { Fixed costs } & 30,000 \
\text { Residual income } & 50,000
\end{array}$$ How much is ROI for the year?

CinRich Corporation Recorded Operating Data for Its Waterhole Division for the Year.CinRich