Question: Marigold Corp.recorded operating data for its Cheap division for the year. Marigold requires its return to be 10%. Sales $700000 Controllable margin 320000 Total average

Marigold Corp.recorded operating data for its Cheap division for the year. Marigold requires its return to be 10%.

Sales $700000
Controllable margin 320000
Total average assets 4000000
Fixed costs 100000

What is the ROI for the year?

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