Sheffield Corp.recorded operating data for its Cheap division for the year. Sheffield requires its return to be 10%. Sales $1500000 Controllable margin 252000 Total average assets 4200000 Fixed costs 100000 What is the ROI for the year? O 36% 20% 6% 9%

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Sheffield Corp.recorded operating data for its Cheap division for the year. Sheffield requires its return to be 10%.
Sales
$1500000
Controllable margin
252000
Total average assets
4200000
Fixed costs
100000
What is the ROI for the year?
36%
20%
6%
9%
Transcribed Image Text:Current Attempt în Progress Sheffield Corp.recorded operating data for its Cheap division for the year. Sheffield requires its return to be 10%. Sales $1500000 Controllable margin 252000 Total average assets 4200000 Fixed costs 100000 What is the ROI for the year? 36% 20% 6% 9%
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