Question
The Reed Division reports the following operating data for the past two years: Year 1 Year 2 Margin 16% ? Turnover 2.5 2 Average operating
The Reed Division reports the following operating data for the past two years:
| Year 1 | Year 2 | |
| Margin | 16% | ? |
| Turnover | 2.5 | 2 |
| Average operating assets | ? | %150,000 |
| Net operating income | $40,000 | ? |
| 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:
$350,000
$325,000
$300,000
$250,000
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Anti Money Laundering Audit And Controls Practical Hands On Guide For Audit And Compliance Professionals
Authors: Bob Walsh
1st Edition
1518662803, 978-1518662805
