The Reed Division reports the following operating data for the past two years:
| Year 1 | Year 2 | |
| Margin | 16% | ? |
| Turnover | 2.0 | 2 |
| Average operating assets | ? | $225,000 |
| Net operating income | $42,000 | ? |
| Stockholders’ equity | $84,000 | $200,000 |
| Sales | ? | ? |
The return on investment at Reed was exactly the same in Year 1 and Year 2
Average operating assets in Year 1 were:
$225,000
$131,250
$243,750
$200,000
