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Marigold Corp. recorded operating data for its Sandtrap division for the year as follows. Sales Controllable margin Total average assets Fixed costs Marigold requires its return to be 9%. How much is ROI for the year? O 20% O 30% $1100000 180000 600000 60000 10% O 17%

Marigold Corp. recorded operating data for its Sandtrap division for the year as follows. Sales Controllable margin Total average assets Fixed costs Marigold requires its return to be 9%. How much is ROI for the year? O 20% O 30% $1100000 180000 600000 60000 10% O 17%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Marigold Corp. recorded operating data for its Sandtrap division for the year as follows. Sales Controllable margin Total average assets Fixed costs $1100000 180000 20% 30% 10% 17% 600000 60000 Marigold requires its return to be 9%. How much is ROI for the year?
Transcribed Image Text:Marigold Corp. recorded operating data for its Sandtrap division for the year as follows. Sales Controllable margin Total average assets Fixed costs $1100000 180000 20% 30% 10% 17% 600000 60000 Marigold requires its return to be 9%. How much is ROI for the year?
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