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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 Net operating income 15% 20%

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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 Net operating income 15% 20% $580,000 Turnover 5 Margin Sales $3,310,000 Millard Division's margin in Year 2 was 130 % of the margin in Year 1 The net operating income for Year 1 was

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