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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 ? $ 560,000 Turnover ? 4 Margin ? ? Sales $ 3,300,000 ?   Millard Division's margin in Year 2 was 120% of the margin in Year 1.   The sales for Year 2 were: Multiple Choice $3,300,000 $9,333,333 $9,666,666 $2,333,333

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 ? $ 560,000 Turnover ? 4 Margin ? ? Sales $ 3,300,000 ?   Millard Division's margin in Year 2 was 120% of the margin in Year 1.   The sales for Year 2 were: Multiple Choice $3,300,000 $9,333,333 $9,666,666 $2,333,333

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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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 ? $ 560,000
Turnover ? 4
Margin ? ?
Sales $ 3,300,000 ?

 

Millard Division's margin in Year 2 was 120% of the margin in Year 1.

 

The sales for Year 2 were:

Multiple Choice

  • $3,300,000

  • $9,333,333

  • $9,666,666

  • $2,333,333

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