Remaining Time: 1 hour, 36 minutes, 07 seconds. Question Completion Status: 2 3 6 7 9 10 11 12 13 14 15 Moving to another question will save this response. Question 6 Wholesale Center's operating data for the past two years are provided below. Year 1 Year 2 Return on investment 1296 38% Net operating income 2 $ 380,000 Turnover ? 3 Margin 2 2 Sales $3200,000 ? Wholesale Center's margin in Year 2 was 150% of the margin in Year 1 The turnover for Year 1 was 12 15 03.0 Moving to another question will save this response Esc X TES & # 3 Y % 5 2 4 { 7 V TA IT B T XCO Remaining Time: 34 minutes, 27 seconds. Question Completion Status: 10 2 7 10 5 15 Moving to another question will save this response Question 7 The following data pertain to STC's operations last year Sales $ 900 000 Net operating income $ 36,000 Contribution margin $ 150,000 Average operating assets $ 180,000 Stockholders' equity $ 100 000 Plant, property, & equipment $ 120,000 if the residual income for the year was $9,000, the minimum required rate of return must have been 20% 15% 36% Moving to another question will save this response