The Following Selected Data Pertain to the Belt Division of Allen

Multiple Choice

The following selected data pertain to the belt division of Allen Corp. for last year:

$\begin{array} { | l | r | } \hline \text { Sales } & \$ 500,000 \\\hline \text { Average Operating Assets } & \$ 200,000 \\\hline \text { Operating Income } & \$ 80,000 \\\hline \text { Turnover } & 2.5 \\\hline \text { Minimum Required Return } & 20 \% \\\hline\end{array}$


-What was the return on investment?

A) 15%.
B) 16%.
C) 20%.
D) 40%.