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    Exam 24: Budgetary Planning
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    Miles Company Had Average Operating Assets of $4,000,000 and Sales
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Miles Company Had Average Operating Assets of $4,000,000 and Sales

Question 158

Question 158

Multiple Choice

Miles Company had average operating assets of $4,000,000 and sales of $2,000,000 in 2010. If the controllable margin was $400,000, the ROI was


A) 50%
B) 40%
C) 20%
D) 10%

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