Question
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
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 | ? | $ 460,000 |
| Turnover | ? | 2 |
| Margin | ? | ? |
| Sales | $ 3,250,000 | ? |
Millard Division's margin in Year 2 was 100% of the margin in Year 1.
The sales for Year 2 were:
Multiple Choice
$3,450,000
$3,250,000
$4,600,000
$4,933,333
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Leading The Digital Workforce Internal Audit And IT Audit
Authors: Jeffrey W. Brown
1st Edition
1032323736, 978-1032323732
