Question
A division's operating data for the past two years is as follows: Year 1 Year 2 Return on investment 14% 18% Net operating income ?
A division's operating data for the past two years is as follows:
|
| Year 1 | Year 2 |
| Return on investment | 14% | 18% |
| Net operating income | ? | $180,000 |
| Turnover | ? | 2 |
| Margin | ? | ? |
| Sales | $1,000,000 | ? |
In Year 2 the margin was twice as much as the margin in Year 1. How much was the divisions Net Operating Income for Year 1?
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Audit And Assurance Study Text
Authors: Get Through Guides
1st Edition
1848080255, 978-1848080256
