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
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 | ? | $ | 600,000 | ||||||||
| Turnover | ? | 3 | |||||||||
| Margin | ? | ? | |||||||||
| Sales | $ | 3,320,000 | ? | ||||||||
Millard Division's margin in Year 2 was 150% of the margin in Year 1.
The sales for Year 2 were:
Multiple Choice
-
$2,000,000
-
$5,000,000
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$3,320,000
-
$5,333,333
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Financial Accounting Theory And Analysis Text Readings And Cases
Authors: Richard G. Schroeder, Myrtle W. Clark, Jack M. Cathey
8th Edition
0471652431, 9780471652434
