Huntswell Corporation has two major divisions--Agricultural Products and Industrial Products. Data for the year just finished is as follows:
Sales revenue
Operating income
Average assets
Target rate of return
Agriculture Division
$140,000
$16,400
$300,000
4.0%
Industrial Division
For the Agricultural Division, how much is the asset turnover?
$1,040,000
$220,000
$5,540,000
4.0%
A. 51.2%
B. 41.1%
C. 49.9%
D. 46.7%