Question
The Millard Division's operating data for the past two years are provided below: Year 1 Year 2 Return on investment 12% 36% Net operating income
The Millard Division's operating data for the past two years are provided below:
| Year 1 | Year 2 | |
|---|---|---|
| Return on investment | 12% | 36% |
| Net operating income | ? | $ 360,000 |
| Turnover | ? | 3 |
| Margin | ? | ? |
| Sales | $ 3,200,000 | ? |
Millard Division's margin in Year 2 was 150% of the margin in Year 1.
The average operating assets for Year 2 were:
Multiple Choice
-
$1,080,000
-
$1,388,889
-
$1,200,000
-
$1,000,000
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappett
23rd edition
978-1259536359
