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The Dry Wall Division reports the following operating data forthe past two years:Year 1...The...

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Accounting

The Dry Wall Division reports the following operating data forthe past two years:

Year 1Year 2
Margin15%?
Turnover2.63
Average operating assets?$150,500
Net operating income$40,500?
Stockholders’ equity$80,500$125,500
Sales??


The return on investment at the Dry Wall Division was exactly thesame in Year 1 and Year 2.

The margin in Year 2 was:

Answer & Explanation Solved by verified expert
4.5 Ratings (947 Votes)
Year 1 Year 1 Sales Net profit Margin Year 1 Sales 40500 15 Year 1 Sales 270000 Year 1 Average Operating asset Sales Turnover Year 1    See Answer
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Transcribed Image Text

In: AccountingThe Dry Wall Division reports the following operating data forthe past two years:Year 1...The Dry Wall Division reports the following operating data forthe past two years:Year 1Year 2Margin15%?Turnover2.63Average operating assets?$150,500Net operating income$40,500?Stockholders’ equity$80,500$125,500Sales??The return on investment at the Dry Wall Division was exactly thesame in Year 1 and Year 2.The margin in Year 2 was:

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