Question - Bogey Co. recorded operating data for its Cheap division for the year. Bogey requires its return to be 10%. Sales $1,400,000 Controllable margin 160,000 Total average assets 4,000,000 Fixed costs 100,000 What is the ROI for the year?
a) 4%.
b) 35%.
c) 6%.
d) 1.5%.
Please show work. Thank you.