The Millard Division's operating data for the past two years are provided below: Year 1 Year 2 Return on investment 10% 24% Net operating income ? $ 740,000 Turnover ? 4 Margin ? ? Sales $ 3,390,000 ? Millard Division's margin in Year 2 was 120% of the margin in Year 1. The net operating income for Year 1 was: Multiple Choice $203,400 $406,800 $169,500 $370,000

The Millard Division's operating data for the past two years are provided below: Year 1 Year 2 Return on investment 10% 24% Net operating income ? $ 740,000 Turnover ? 4 Margin ? ? Sales $ 3,390,000 ? Millard Division's margin in Year 2 was 120% of the margin in Year 1. The net operating income for Year 1 was: Multiple Choice $203,400 $406,800 $169,500 $370,000

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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	Year 1	Year 2
Return on investment	10%	24%
Net operating income	?	$ 740,000
Turnover	?	4
Margin	?	?
Sales	$ 3,390,000	?

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