Question: The Dry Wall Division reports the following operating data for the past two years: Year 1 Year 2 Margin 14% ? Asset Turnover 2.7
The Dry Wall Division reports the following operating data for the past two years: Year 1 Year 2 Margin 14% ? Asset Turnover 2.7 4 Average operating assets ? $151,000 Net operating income $41,000 ? Stockholders' equity $81,000 $126,000 Sales ? ? The return on investment at the Dry Wall Division was exactly the same in Year 1 and Year 2. The margin in Year 2 was: (Round intermediate calculations and final answer to the nearest whole percent.) Multiple Choice 38%. 56%. 9%. 5%.
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