Question: The Reed Division reports the following operating data for the past two years: Year 1 Year 2 Margin 16% ? Turnover 2.5 2 Average operating

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

Year 1 Year 2
Margin 16% ?
Turnover 2.5 2
Average operating assets ? %150,000
Net operating income $40,000 ?
Stockholders' equity $80,000 $125,000
Sales ? ?

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

Sales in Year 2 amounted to:

$350,000

$325,000

$300,000

$250,000

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