The Bally Division recorded operating data as follows for the past two years

The Bally Division recorded operating data as follows for the past two years

Bally Division?s turnover was exactly the same in both Year 1 and Year 2.

The margin in Year 2 was closest to:

a. 21.01%

b. 30.00%

c. 14.70%

d. 31.50%

Transcribed Image Text:

Sales Stockholders' equity Average operating assets Margin Return on investment Year 1 ? $570,000 $660,000 45% 31.50% Year 2 $1,500,000 792,000 ? ? 21.00% Sales Stockholders' equity Average operating assets Margin Return on investment Year 1 ? $570,000 $660,000 45% 31.50% Year 2 $1,500,000 792,000 ? ? 21.00%

Answer rating: 100% (QA)

b 3000 Margin in Year 2 30 Explanation Based on the Turnov... View the full answer