The Electronics Division of Anton Company reports the following results for the current year: Revenues$800,000 Operating expenses$656,000 Operating income$144,000 Operating assets$1,200,000 Anton Company has set a target return on investment (ROI) of 11% for the Electronics Division.The Electronic Division's turnover (asset utilization) is:
A. 0.12.
B. 0.18.
C. 0.667.
D. 0.1125.
Answer: C
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