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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
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 | ? | $ | 380,000 | ||||||||
| Turnover | ? | 4 | |||||||||
| Margin | ? | ? | |||||||||
| Sales | $ | 3,210,000 | ? | ||||||||
Millard Division's margin in Year 2 was 120% of the margin in Year 1.
The net operating income for Year 1 was:
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Accounting Principles A Business Perspective Financial Accounting Chapters 9 To 18
Authors: Bill Buxton, Amy Sibiga
1st Edition
1461160863, 978-1461160861
