Question
The Portland Division's operating data for the past two years is as follows: Year 1 Year 2 Return on investment 10 % 21 % Net
The Portland Division's operating data for the past two years is as follows:
| Year 1 | Year 2 | |||||
| Return on investment | 10 | % | 21 | % | ||
| Net operating income | $ | ? | $ | 430,500 | ||
| Turnover | ? | 2 | ||||
| Margin | ? | ? | ||||
| Sales | $ | 2,040,000 | ? | |||
|
| ||||||
The Portland Division's margin in Year 2 was 150% of the margin for Year 1. The net operating income for Year 1 was:
a. $214,200
b. $142,800
c. $409,167
d. $350,500
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Principles Of Cost Accounting
Authors: Robert E. Schmiedicke, Charles F. Nagy, Edward J. Vanderback, E.J. Vanderbeck C.F. Nagy
9th Edition
0538812915, 978-0538812917
