Question: The Reed Division reports the following operating data for the past two years: Year 1 Year 2 Margin 12% ? Turnover 2.5 2 Average operating

The Reed Division reports the following operating data for the past two years: Year 1 Year 2 Margin 12% ? Turnover 2.5 2 Average operating assets ? 340000 Net operating income 72000 ? Stockholders' equity 144000 282200 Sales ? ? The return on investment at Reed was exactly the same in Year 1 and Year 2. What were the average operating assets in Year 1?

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