Question: The Reed Division reports the following operating data for the past two years: Year 1 Year 2 Margin 19% ? Turnover 2.5 3.0 Average operating

The Reed Division reports the following operating data for the past two years: Year 1 Year 2 Margin 19% ? Turnover 2.5 3.0 Average operating assets ? $170,000 Net operating income $48,450 ? 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:

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