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The Willard Division's operating data for the past two years are provided below: Return on investment Net operating income Turnover Margin Sales Year 1

The Willard Division's operating data for the past two years are provided below: Return on investment Net operating income Turnover Margin Sales Year 1 Year 2 12 % 36 ? $ 360,000 ? 3 ? ? 3,200,000 ? The Willard Division's margin in Year 2 was 150% of the margin in Year 1. For the past year, the minimum required rate of return was:

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