Question: The Reed Division reports the following operating data for the past two years: Year 1 Year 2 Margin 25% ? Turnover 3.2 1.0 Average operating

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

Year 1 Year 2
Margin 25% ?
Turnover 3.2 1.0
Average operating assets ? $159,000
Net operating income $45,800 ?
Stockholders equity $80,000 $125,000
Sales ? ?

The return on investment at Reed was exactly the same in Year 1 and Year 2.

Net operating income in Year 2 amounted to: (Round your intermediate calculation to 2 decimal places.)

$107,200
$127,200
$102,200
$117,200

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