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The Millard Division's operating data for the past two years are provided below: Year 1 Return on investment10% Net operating income? Turnover? Margin? Sales $3,240,000
The Millard Division's operating data for the past two years are provided below:
Year 1
Return on investment10%
Net operating income?
Turnover?
Margin?
Sales $3,240,000
Year 2
Return on investment 24%
Net operating income $440,000
Turnover4
Margin?
Sales ?
Millard Division's margin in Year 2 was 120% of the margin in Year 1.
The sales for Year 2 were:
Multiple Choice
- $7,666,666
- $1,833,333
- $7,333,333
- $3,240,000
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