Question: Monte inc, recorded operating data for its Sandtrap division for the year. Monte requires its return to be 8%. Sales $600,000 controllable margin 80,000 total

Monte inc, recorded operating data for its Sandtrap division for the year. Monte requires its return to be 8%.

Sales $600,000

controllable margin 80,000

total average assets 200,000

fixed costs 40,000

How much is ROI for the year?

  1. 40%
  2. 20% ch
  3. 33%
  4. 13%

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