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Q12. The corporate Division's operating data for the past two years is as follows: Year 1 Year 2 Return on investment 12% 24% Net operating income ? $288,000 Turnover 21 Margin Sales 000'009'$ The Division's margin in Year 2 was 150% of the margin for Year 1. The net operating income for Year 1 was: a) $192,000 000ʻTTI$ (4 c) $144,000 d) $128,000 e) $160,000

Q12. The corporate Division's operating data for the past two years is as follows: Year 1 Year 2 Return on investment 12% 24% Net operating income ? $288,000 Turnover 21 Margin Sales 000'009'$ The Division's margin in Year 2 was 150% of the margin for Year 1. The net operating income for Year 1 was: a) $192,000 000ʻTTI$ (4 c) $144,000 d) $128,000 e) $160,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Q12. The corporate Division's operating data for the past two years is as follows: Year 1 Year 2 Return on investment 12% 24% Net operating income ? $288,000 Turnover 21 Margin Sales 000'009'$ The Division's margin in Year 2 was 150% of the margin for Year 1. The net operating income for Year 1 was: a) $192,000 000ʻTTI$ (4 c) $144,000 d) $128,000 e) $160,000
Transcribed Image Text:Q12. The corporate Division's operating data for the past two years is as follows: Year 1 Year 2 Return on investment 12% 24% Net operating income ? $288,000 Turnover 21 Margin Sales 000'009'$ The Division's margin in Year 2 was 150% of the margin for Year 1. The net operating income for Year 1 was: a) $192,000 000ʻTTI$ (4 c) $144,000 d) $128,000 e) $160,000
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