Question
The Portland Division's operating data for the past two years is as follows: Year 1 Year 2 Return on investment 14 % 6 % Net
The Portland Division's operating data for the past two years is as follows:
| Year 1 | Year 2 | |||||
| Return on investment | 14 | % | 6 | % | ||
| Net operating income | $ | ? | $ | 456,000 | ||
| Turnover | ? | 2 | ||||
| Margin | ? | ? | ||||
| Sales | $ | 2,400,000 | ? | |||
|
| ||||||
The Portland Division's margin in Year 2 was 150% of the margin for Year 1. The net operating income for Year 1 was:
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Dynamical Corporate Finance
Authors: Umberto Sagliaschi, Roberto Savona
1st Edition
3030778525, 9783030778521
