Austin Company Austin Company Has Established a Target Rate of Return of Return

Multiple Choice

Austin Company
Austin Company has established a target rate of return of 15% for all divisions.For the most recent year,Waterloo Division generated sales of $12,000,000 and expenses of $9,000,000.Total assets at the beginning of the year were $7,000,000 and total assets at the end of the year were $9,000,000.
Refer to Austin Company.For the most recent year,what was Waterloo Division's return on investment?

A) 18.75%
B) 33.33%
C) 37.50%
D) 42.86%