The Portland Division's operating data for the past two years is as follows: Year 1 Year...

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The Portland Division's operating data for the past two years is as follows: Year 1 Year...

The Portland Division's operating data for the past two years is as follows:

	Year 1	Year 2
Return on investment	16%	32%
Net operating income	?	$296,000
Turnover	?	2
Margin	?	?
Sales	$1,900,000	?

The Portland Division's margin in Year 2 was 100% of the margin for Year 1.

The average operating assets for Year 2 were:

$475,000

$125,000

$925,000

$525,000

business accounting

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Answer 1

Answer #1

Average operating assets for Year 2 = Net operating income / Return on investment

= $296000 / 0.32

= $925,000

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Answer 2

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