You are given the following data about ABC Limited:

Sales = $3,500,000

Net operating profit after taxes = $500,000

Equity = $2,000,000

Operating return on assets = 12%.

ROE =25%

Based on the above data, what is the operating asset turnover for ABC (select the closest answer)?

Select one:

A.

59%

B.

67%

C.

78%

D.

84%