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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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