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Sheridan Company recorded operating data for its Sandtrap division for the year as follows. Sales $2400000 Controllable margin 207000 Total average assets 690000 Fixed costs

Sheridan Company recorded operating data for its Sandtrap division for the year as follows.

Sales $2400000
Controllable margin 207000
Total average assets 690000
Fixed costs 69000

Sheridan requires its return to be 9%. How much is ROI for the year?

30%

20%

17%

10%

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