TB MC Qu. 10-106 The Millard Division's operating... The Millard Division's operating data for the past two years are provided below: Year 1 12% ? ? Year 2 36% $ 480,000 Return on investment Net operating income Turnover Margin Sales 3 $3,260,000 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 $320,000 $260,800 $391,200 $782,400