Question: The Dry Wall Division reports the following operating data for the past two years: Year 1 Year 2 Margin 15 % ? Turnover 2.6 3

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

Year 1 Year 2
Margin 15 % ?
Turnover 2.6 3
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 the same in Year 1 and Year 2. The margin in Year 2 was:

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