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The Dry Wall Division reports the following operating data for the past two years: Margin Asset Turnover Average operating assets Net operating income Stockholders' equity
The Dry Wall Division reports the following operating data for the past two years: Margin Asset Turnover Average operating assets Net operating income Stockholders' equity Sales Year 1 Year 2 18% ? 4.0 5 ? $157,500 $47,500 ? $87,500 $132,500 ? ? 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 $882,900. $462,361. $290,000
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