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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 10% 24% Net operating income

The Millard Division's operating data for the past two years are provided below: Year 1 Year 2 Return on investment 10% 24% Net operating income ? $ 440,000 Turnover ? 4 Margin ? ? Sales $ 3,240,000 ? Millard Division's margin in Year 2 was 120% of the margin in Year 1

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