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

question 8

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.

---

Definitions:

Termination

involves the formal process of ending the employment or contractual relationship with an individual or entity, often due to performance issues, restructuring, or economic constraints.

Strategic Benefits

The long-term advantages an organization gains from implementing certain actions, policies, or investments, contributing to its overall objectives.

Financial Results

The outcome of a company's operations and decisions, typically reflected in its income statement, balance sheet, and cash flow statement.

CEO

Chief Executive Officer, the highest-ranking person in a company or other institution, ultimately responsible for making managerial decisions.