Question
A division's operating data for the past two years is as follows: Year 1 Year 2 Return on investment 10% 14% Net operating income ?
A division's operating data for the past two years is as follows:
|
| Year 1 | Year 2 |
| Return on investment | 10% | 14% |
| Net operating income | ? | $140,000 |
| 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?
Multiple Choice
-
$70,000
-
$140,000
-
$35,000
-
$100,000
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Auditing E Commerce Systems And IT Infrastructure
Authors: Pearson
1st Edition
0536903662, 978-0536903662
