Flash Sales Provided the Following Information A) 4%
B) 6%
C) 9%
D) 12

Multiple Choice

Flash Sales provided the following information. Calculate the return on investment.
$$\begin{array} { l r } \text { Sales } & \$ 800000 \\\text { Operating profit } & \$ 46800 \\\text { Average operating assets } & \$ 520000 \\\text { Shareholders' equity } & \$ 50000 \\\text { Minimum required rate of return } & 12 \%\end{array}$$

A) 4%
B) 6%
C) 9%
D) 12%