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Crane Company reported operating data for its Sandtrap division for the year. Crane requires its return to be 9%. Sales $500000 Controllable margin 80000 Total

Crane Company reported operating data for its Sandtrap division for the year. Crane requires its return to be 9%.

Sales $500000
Controllable margin 80000
Total average assets 100000
Fixed costs 60000

How much is ROI for the year?

12%

20%

60%

80%

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