The Millard Division's operating data for the past two years are provided below: Year 1 Year 2 Return on investment 12 % 36 % Net
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 turnover for Year 1 was:
Multiple Choice
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1.5
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4.0
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1.2
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3.0
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Authors: John Hoggett, John Medlin, Lew Edwards, Matthew Tilling, Evelyn Hoggett Hogg
6th Edition
1742466354, 978-1742466354
