Monte, Inc How Much Is ROI for the Year?
A)10%
B)17%
C)20

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%