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Marigold Corp.recorded operating data for its Cheap division for the year. Marigold requires its return to be 10%. Sales $700000 Controllable margin 320000 Total average
Marigold Corp.recorded operating data for its Cheap division for the year. Marigold requires its return to be 10%.
| Sales | $700000 |
| Controllable margin | 320000 |
| Total average assets | 4000000 |
| Fixed costs | 100000 |
What is the ROI for the year?
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
3rd Edition
0471372668, 978-0471372660
