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The Millard Division's operating data for the past two years are provided below: 1 Return on investment Net operating income Turnover Margin Sales Year 1

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The Millard Division's operating data for the past two years are provided below: 1 Return on investment Net operating income Turnover Margin Sales Year 1 10% ? P Year 2 24% $740,000 4 $3,390,000 ? Millard Division's margin in Year 2 was 120% 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 o $370,000 O $169,500 $203,400 O $406,800

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