Monte Inc Recorded Operating Data for Its Sandtrap Division for the the Year

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%

Correct Answer:

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