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The Reed Division reports the following operating data for the past two years: Year 1 Year 2 Margin 20% ? Turnover 2.0 2.5 Average operating
The Reed Division reports the following operating data for the past two years:
Year 1 Year 2 Margin 20% ? Turnover 2.0 2.5 Average operating assets ? $210,000 Net operating income $44,000 ? Stockholders equity $80,000 $125,000 Sales ? ? The return on investment at Reed was exactly the same in Year 1 and Year 2. Sales in Year 2 amounted to: (Round your intermediate calculations to 2 decimal places.)
$575,000 | |
$475,000 | |
$550,000 | |
$525,000 |
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