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CinRich Corporation recorded operating data for its Waterhole division for the year. CinRich requires its return to be 9%. Sales $500,00 Controllable margin 90,000 Total
- CinRich Corporation recorded operating data for its Waterhole division for the year. CinRich requires its return to be 9%.
| Sales | $500,00 |
| Controllable margin | 90,000 |
| Total average assets | 300,000 |
| Fixed costs | 30,000 |
| Residual income | 50,000 |
How much is ROI for the year?
- 10%
- 16.7%
- 20%
- 30%
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Auditing
Authors: David Ricchiute
8th Edition
0324226292, 978-0324226294
