The Merigold Division's operating data for the past two years is
as follows:
Year 1 | Year 2 | |||||
Return on investment | 7 | % | 12 | % | ||
Net operating income | $ | ? | $ | 372,000 | ||
Turnover | ? | 2 | ||||
Margin | ? | ? | ||||
Sales | $ | 2,530,000 | ? | |||
The Merigold Division's margin in Year 2 was 150% of the margin for
Year 1.
The average operating assets for Year 2 were:
$2,650,000
$2,300,000
$3,100,000
$2,700,000
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