Question: lone Corp. has the following operating data for the past 2 years: Year 2 15% Return on Investment Residual Income Required Rate of return Average

lone Corp. has the following operating data for the past 2

lone Corp. has the following operating data for the past 2 years: Year 2 15% Return on Investment Residual Income Required Rate of return Average operating assets Year 10% $600 8% 10% $42,000 Sales in year 2 is $60,000 more than sales in year 1. The Company had the same capital turnover in both years. Q.: What is the sales margin in Year 2? Use two decimal places in the answer (for example, if the answer is 53%, key in "0.53"). A

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