$$\text { Reference: } 12 - 12$$ The Sherlock Division Recorded Operating Data as Follows for the Recorded

$$\text { Reference: } 12 - 12$$ The Sherlock Division recorded operating data as follows for the past year: $$\begin{array} { | l | c | } \hline \text { Sales } & \$ 300,000 \\\hline \text { Operating expenses } & 225,000 \\\hline \text { Average operating assets } & 225,000 \\\hline \text { Stockholders' equity } & 80,000 \\\hline \text { Minimum required rate of return } & 20 \% \\\hline\end{array}$$
-For the past year, the return on investment was?

A) 25.00%
B) 15.75%.
C) 33.33%.
D) 20.50%.

Correct Answer:

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