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Rererence: 12-12 The Sherlock Division recorded operating data as follows for the past year: Sales Operating expenses Average operating assets Stockholders' equity Minimum required rate of return $300,000 225,000 225,000 80,000 20% 34) For the past year, the return on investment was? 34) A) 20.50%. B) 33.33%. C) 25.00% D) 15.75%