Exhibit 11-3
Dillon Company Has the Following Information Available for One

Multiple Choice

Exhibit 11-3
Dillon Company has the following information available for one of its divisions:
$\begin{array}{lr}\text { Average operating assets } & \$ 4,000,000 \\\text { Sales } & \$ 4,800,000 \\\text { Return on investment (ROI) } & 30 \%\end{array}$
-Refer to Exhibit 11-3.Dillon requires a minimum return on its investments of 25%.
Based on this information,what is the division's asset turnover (rounded to two decimal places) ?

A) 2.78
B) 0.83
C) 4.00
D) 1.20
E) None of the answer choices is correct.