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The Dry Wall Division reports the following operating data for the past two years: Year 1 Year 2 Profit margin ratio 12% ? Asset turnover

The Dry Wall Division reports the following operating data for the past two years:

Year 1 Year 2
Profit margin ratio 12% ?
Asset turnover 2.5 2
Divisional assets ? $ 169,000
After-tax income $ 52,800 ?
Stockholders equity $ 99,000 $ 144,000
Sales ? ?

The return on investment at the Dry Wall Division was exactly the same in Year 1 and Year 2. Divisional assets in Year 1 were:

Multiple Choice

  • $176,000.

  • $144,000.

  • $169,000.

  • $204,600.

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