Sheffield Corp.recorded operating data for its Cheap division for the year. Sheffield requires its return to be 10%. Sales $1500000 Controllable margin 252000 Total average assets 4200000 Fixed costs 100000 What is the ROI for the year? O 36% 20% 6% 9%

Sheffield Corp.recorded operating data for its Cheap division for the year. Sheffield requires its return to be 10%. Sales $1500000 Controllable margin 252000 Total average assets 4200000 Fixed costs 100000 What is the ROI for the year? O 36% 20% 6% 9%

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 13EA: Company A has current sales of $10,000,000 and a 45% contribution margin. Its fixed costs are...

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Sheffield Corp.recorded operating data for its Cheap division for the year. Sheffield requires its return to be 10%.
Sales
$1500000
Controllable margin
252000
Total average assets
4200000
Fixed costs
100000
What is the ROI for the year?
36%
20%
6%
9%

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