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The Dry Wall Division reports the following operating data for the past two years: Year 1 Year 2 Margin 15 % ? Asset Turnover 3.2
The Dry Wall Division reports the following operating data for the past two years: Year 1 Year 2 Margin 15 % ? Asset Turnover 3.2 3 Average operating assets ? $ 153,500 Net operating income $ 43,500 ? Stockholders equity $ 83,500 $ 128,500 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:
Multiple Choice
$400,375.
$460,500.
$282,000.
$522,180.
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