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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 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 | ? | $ | 420,000 | ||||||||
| Turnover | ? | 3 | |||||||||
| Margin | ? | ? | |||||||||
| Sales | $ | 3,230,000 | ? | ||||||||
Millard Division's margin in Year 2 was 150% of the margin in Year 1.
The sales for Year 2 were:
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Accounting Understanding And Practice
Authors: Robert Perks
3rd Edition
0077124782, 9780077124786
