Monte Inc Recorded Operating Data for Its Sandtrap Division for the the Year

question 167

Multiple Choice

Monte Inc. recorded operating data for its Sandtrap division for the year. Monte requires its return to be 9%. $$\begin{array} { l r } \text { Sales } & \$ 1,000,000 \\\text { Controllable margin } & 180,000 \\\text { Total average assets } & 600,000 \\\text { Fixed costs } & 60,000\end{array}$$ How much is ROI for the year?

• A) 10%
• B) 17%
• C) 20%
• D) 30%

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Definitions:

Bile

A digestive fluid secreted by the liver and stored in the gallbladder, aiding in the digestion of fats.

Hemolytic Anemia

A condition characterized by the abnormal breakdown of red blood cells, resulting in a shortage in the bloodstream and various health complications.

Red Blood Cells

Biconcave cells in the blood that carry oxygen to body tissues and remove carbon dioxide, also known as erythrocytes.

Plasma Proteins

Proteins found in blood plasma, playing roles in clotting, defense mechanisms, and regulating osmotic pressure.