The Millard Division's operating data for the past two years are provided below. Return on investment Net operating income Turnover Margin Sales Year 1 158 7 2 7 Year 2 20% $ 580,000 5 ? $ 3,310,000 Millard Division's margin in Year 2 was 130% of the margin in Year 1. The net operating income for Year 1 was: (Round your intermediate percentage calculations to the nearest whole percent.) ?
The Millard Division's operating data for the past two years are provided below. Return on investment Net operating income Turnover Margin Sales Year 1 158 7 2 7 Year 2 20% $ 580,000 5 ? $ 3,310,000 Millard Division's margin in Year 2 was 130% of the margin in Year 1. The net operating income for Year 1 was: (Round your intermediate percentage calculations to the nearest whole percent.) ?
Chapter1: Financial Statements And Business Decisions
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20140.15
The Millard Division's operating data for the past two years are provided below:
Return on investment
Net operating income.
Turnover
Margin
Sales
Year 1
158.
?
2
7
$ 3,310,000
Year 2
20%
$ 580,000
5
7
2
Millard Division's margin in Year 2 was 130% of the margin in Year 1.
The net operating income for Year 1 was: (Round your intermediate percentage calculations to the nearest whole percent.)"
Transcribed Image Text:7
20140.15
The Millard Division's operating data for the past two years are provided below:
Return on investment
Net operating income.
Turnover
Margin
Sales
Year 1
158.
?
2
7
$ 3,310,000
Year 2
20%
$ 580,000
5
7
2
Millard Division's margin in Year 2 was 130% of the margin in Year 1.
The net operating income for Year 1 was: (Round your intermediate percentage calculations to the nearest whole percent.)
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