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Marigold corporation reported operating data for its Cheap division for the year
Marigold corporation reported operating data for its Cheap division for the year. Marigold requires its return to be 10%.
Sales $2,000,000
Controllable margin $80,000
Total average assets $4,000,000
Fixed costs $100,000
What is the ROI for the year?
a) 7%
b) 3%
c) 2%
d) 50%
Expert Solution
Computation of the ROI for the year:-
ROI = Controllable margin / Total Average assets
= 80000 / 4000000
= 2%
Hence, the correct option is c) 2%
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