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Sheridan Corporation recorded operating data for its Waterhole division for the year. Sheridan requires its return to be 10.10% Sales $494,000 Controllable margin 93,000 Total

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Sheridan Corporation recorded operating data for its Waterhole division for the year. Sheridan requires its return to be 10.10% Sales $494,000 Controllable margin 93,000 Total average operating assets 465,000 Fixed costs 30,000 Residual income 47,000 How much is ROI for the year? Select one: O a. 9.51% O b. 10.11% O C. 158.62% 2 d. 20.00%

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