How much is ROI for the year

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Question - Oriole Corporation recorded operating data for its Waterhole division for the year. Oriole requires its return to be 8.7%.

Sales $498000

Controllable margin 94000

Total average assets 376000

Fixed costs 27000

Residual income 52000

Required - How much is ROI for the year?

Reference no: EM133094389

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