Question: 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

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

How much is ROI for the year?

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