CinRich Corporation Recorded Operating Data for Its Waterhole Division for the Year.CinRich

question 104

Multiple Choice

CinRich Corporation recorded operating data for its Waterhole division for the year.CinRich requires its return to be 9%. $$\begin{array} { l r } \text { Sales } & \$ 500,000 \\\text { Controllable margin } & 90,000 \\\text { Total average assets } & 300,000 \\\text { Fixed costs } & 30,000 \\\text { Residual income } & 50,000\end{array}$$ How much is ROI for the year?

• A)10%
• B)16.7%
• C)20%
• D)30%

---

Definitions:

Disengage

The process of withdrawing or detaching oneself from involvement in a particular activity, situation, or group.

Shared Language

A common mode of communication among a group of people, which can include verbal language or other forms of communication such as signs or symbols.

Innovating for Sustainability

Developing new methods, products, or solutions that meet present needs without compromising the ability of future generations to meet theirs, with a focus on environmental conservation.

Renewable Energy Sources

Energy sources that can be replenished naturally, such as solar, wind, hydroelectric, and geothermal.