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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   12 %   36 % Net operating income   ?   $ 660,000   Turnover   ?     3   Margin   ?     ?   Sales $ 3,350,000     ?       Millard Division's margin in Year 2 was 150% of the margin in Year 1.   The net operating income for Year 1 was: (Round intermediate percentage computations to the nearest whole percent.)   Multiple Choice   $440,000   $268,000   $402,000   $804,000

The Millard Division's operating data for the past two years are provided below:     Year 1 Year 2 Return on investment   12 %   36 % Net operating income   ?   $ 660,000   Turnover   ?     3   Margin   ?     ?   Sales $ 3,350,000     ?       Millard Division's margin in Year 2 was 150% of the margin in Year 1.   The net operating income for Year 1 was: (Round intermediate percentage computations to the nearest whole percent.)   Multiple Choice   $440,000   $268,000   $402,000   $804,000

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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The Millard Division's operating data for the past two years are provided below:

 

  Year 1 Year 2
Return on investment   12 %   36 %
Net operating income   ?   $ 660,000  
Turnover   ?     3  
Margin   ?     ?  
Sales $ 3,350,000     ?  
 

 

Millard Division's margin in Year 2 was 150% of the margin in Year 1.

 

The net operating income for Year 1 was: (Round intermediate percentage computations to the nearest whole percent.)

 

Multiple Choice
  •  
    $440,000
  •  
    $268,000
  •  
    $402,000
  •  
    $804,000
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