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The Dry Wall Division reports the following operating data for the past two years: Year 1 Year 2 Margin 10 % ? Asset Turnover 3.6
The Dry Wall Division reports the following operating data for the past two years:
| Year 1 | Year 2 | |||||||
| Margin | 10 | % | ? | |||||
| Asset Turnover | 3.6 | 2 | ||||||
| Average operating assets | ? | $ | 155,500 | |||||
| Net operating income | $ | 45,500 | ? | |||||
| Stockholders equity | $ | 85,500 | $ | 130,500 | ||||
| Sales | ? | ? | ||||||
The return on investment at the Dry Wall Division was exactly the same in Year 1 and Year 2. Sales in Year 2 amounted to:
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Accounting Information System
Authors: James A. Hall
7th Edition
978-1439078570, 1439078572
