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The Reed Division reports the following operating data for the past two years:
The return on investment at Reed was exactly the same in Year 1 and Year 2.1. The margin in Year 2 was:A. 48%B. 32%C. 20%D. 10%
2. Sales in Year 2 amounted to:A. $250,000B. $300,000C. $325,000D. $350,000
3. Average operating assets in Year 1 were:A. $160,000B. $150,000C. $125,000D. $100,000
4. Net operating income in Year 2 amounted to:A. $60,000B. $50,000C. $40,000D.$35,000
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