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The Millard Division's operating data for the past two years are provided below: Year 1 Year 2 Return on investment 15 % 20 % Net
The Millard Division's operating data for the past two years are provided below:
| Year 1 | Year 2 | ||||||||||
| Return on investment | 15 | % | 20 | % | |||||||
| Net operating income | ? | $ | 520,000 | ||||||||
| Turnover | ? | 5 | |||||||||
| Margin | ? | ? | |||||||||
| Sales | $ | 3,280,000 | ? | ||||||||
Millard Division's margin in Year 2 was 140% of the margin in Year 1.
The net operating income for Year 1 was:
a.$131,200
b. $208,000
c.$262,400
d. $98,400
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Managerial accounting
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
1st edition
