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The Reed Division reports the following operating data for the past two years: Margin Turnover Average operating assets Net operating income Stockholders ' equity Sales

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The Reed Division reports the following operating data for the past two years: Margin Turnover Average operating assets Net operating income Stockholders ' equity Sales The return on investment at Reed was exactly the same in Year 1 and Year 2. 39. The margin in Year 2 was: A. 48% B. 32% C. 20% D. 10%

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