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Holmes Division recorded operating data as follows for the past year Sales.... Net operating income. $200,000 .$25,000 Stockholders' equity $80,000 $13,000 23. For the past

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Holmes Division recorded operating data as follows for the past year Sales.... Net operating income. $200,000 .$25,000 Stockholders' equity $80,000 $13,000 23. For the past year, the turnover was: A. 25 B. 10 C. 4 D. 2 24. For the past year, the margin was: A. 12.50% B. 13.00% C. 14.75% D. 15.00%

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