Question
The Reed Division reports the following operating data for the past two years: Year 1 Year 2 Margin 25% ? Turnover 2.5 2.0 Average operating
| The Reed Division reports the following operating data for the past two years: | |||
|
| Year 1 | Year 2 |
|
| Margin | 25% | ? |
|
| Turnover | 2.5 | 2.0 |
|
| Average operating assets | ? | $227,000 |
|
| Net operating income | $43,800 | ? |
|
| Stockholders equity | $80,000 | $125,000 |
|
| Sales | ? | ? |
|
The return on investment at Reed was exactly the same in Year 1 and Year 2.
Average operating assets in Year 1 were:
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Fraud Casebook Lessons From The Bad Side Of Business
Authors: Joseph T. Wells
1st Edition
0470134682, 978-0470134689
