Year 2 16% A division's operating data for the past two years is as follows: Year 1 Return on investment 12% Net operating income ? Turnover ? Margin 7 Sales $1,000,000 $160,000 2 7 2 In Year 2 the margin was twice as much as the margin in Year 1. How much was the division's Net Operating income for Year 1? Multiple Choice $120,000 $80,000 $40,000 $160,000