The following data pertain to the Whalen Division of Northern Industries. The margin at Whalen was exactly the same in Year 2 as it was in Year 1.
-The average operating assets for Year 2 amounted to:
A)$400,000
B)$800,000
C)$600,000
D)$500,000

Question

The following data pertain to the Whalen Division of Northern Industries.  The margin at Whalen was exactly the same in Year 2 as it was in Year 1.
-The average operating assets for Year 2 amounted to:
A)$400,000 
B)$800,000 
C)$600,000 
D)$500,000

Quizplus · Accepted Answer

Turnover = Sales F1F1F1S1F1F1F10 Average operating assets
Average operating assets = Sales F1F1F1S1F1F1F10 Turnover
= $600,000 F1F1F1S1F1F1F10 1.2 = $500,000

The Following Data Pertain to the Whalen Division of Northern