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The Reed Division reports the following operating data for the past two years: Year 1 16% Year 2 Margin.. Turnover... 2.5 2 Average operating assets
The Reed Division reports the following operating data for the past two years: Year 1 16% Year 2 Margin.. Turnover... 2.5 2 Average operating assets Net operating income Stockholders' equity Sales. $150,000 $40,000 $80,000 $125.000 The return on investment at Reed was exactly the same in Year 1 and Year 2. Average operating assets in Year 1 were Select one a. $160,000 b.$150,000 C. $125,000 d. $100,000
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