Campbell Candy Corporation Desires a 16% Return on Investment (ROI)on

Multiple Choice

Campbell Candy Corporation desires a 16% return on investment (ROI) on all operations.The following information was available for the company for the current year: $\begin{array}{|l|lr|}\hline \text { Sales } & \$ & 250,000 \\\hline \text { Operating Income } & \$ & 70,000 \\\hline \text { Turnover } & & 0.6 \\\hline\end{array}$ What is the corporation's ROI?

A) 16.8%
B) 28%
C) 32%
D) Impossible to determine from the information given.