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

Question 144

Multiple Choice

Monte, Inc.recorded operating data for its Sandtrap division for the year.Monte requires its return to be 9%.  Sales $1,000,000 Controllable margin 180,000 Total average assets 600,000 Fixed costs 60,000\begin{array}{lr}\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%

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