The Reed Division reports the following operating data for the past two years: Y

Question

The Reed Division reports the following operating data for the past two years:

Year 1 Year 2   Margin 25%       ?       Turnover 3.2        1.0       Average operating assets ?        $159,000       Net operating income $45,800       ?       Stockholders equity $80,000       $125,000       Sales ?       ?    
The return on investment at Reed was exactly the same in Year 1 and Year 2.
Net operating income in Year 2 amounted to: (Round your intermediate calculation to 2 decimal places.) $107,200 $127,200 $102,200 $117,200 $107,200 $127,200 $102,200 $117,200 The Reed Division reports the following operating data for the past two years:

Explanation / Answer

$127,200 Net operating income in Year 2 amounted to: (Round your intermediate calculation to 2 decimal places.)

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