The Portland Division's operating data for the past two years is as follows:

Year 1 Year 2

Return on investment .................... 12% 24%

Stockholders equity ...................... $500,000 $200,000

Net operating income .................... ? $288,000

Turnover ........................................ ? 2

Sales ........................................... $1,600,000 ?

The Portland Division's margin in Year 2 was 150% of the margin for Year 1.

The turnover for Year 1 was:

A) 10.00

B) 2.00

C) 1.50

D) 3.20

Answer: C

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