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The Baily Division recorded operating data as follows for the past two years: Year 1 Year $1,200,000 $720,000 sales Shareholders' Equity Average Operating Assets Margin

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The Baily Division recorded operating data as follows for the past two years: Year 1 Year $1,200,000 $720,000 sales Shareholders' Equity Average Operating Assets Margin Return on Investment $540,000 $600,000 15 22.5 18 Baily Division's turnover was exactly the same in both Year 1 and Year 2 What was the operating income in Year 1

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