Question
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 | ? | $ | 680,000 | ||||||||
| Turnover | ? | 4 | |||||||||
| Margin | ? | ? | |||||||||
| Sales | $ | 3,360,000 | ? | ||||||||
Millard Division's margin in Year 2 was 120% of the margin in Year 1.
The net operating income for Year 1 was:
Garrison 16e Rechecks 2017-10-31
Multiple Choice
$201,600
$168,000
$403,200
$340,000
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Management Accounting
Authors: Charles T Horngren, Gary L Sundem, William O Stratton, Howard D Teall, George Gekas
5th Canadian Edition
0131922688, 978-0131922686
