Huntswell Corporation Has Two Major Divisions Agricultural Products and Industrial

Multiple Choice

Huntswell Corporation has two major divisions Agricultural Products and Industrial Products. Data for the year just finished is as follows:
$\begin{array}{|l|r|r|} \hline& \text { Agriculture Division } & \text { Industrial Division } \\\hline \text { Sales revenue } & \$ 140,000 & \$ 1,040,000 \\\hline \text { Operating income } & \$ 16,400 & \$ 220,000 \\\hline \text { Average assets } & \$ 300,000 & \$ 5,540,000 \\\hline \text { Target rate of return } & 4.0 \% & 4.0 \% \\\hline\end{array}$
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For the Industrial Division, how much is the asset turnover?

A) 11.1%
B) 16.7%
C) 18.8%
D) 21.2%