Question: 11 A division's operating data for the past two years is as follows: Year 1 Year 2 Return on investment 12% 16% 2 $160,000 2

11 A division's operating data for the past two years is

11 A division's operating data for the past two years is as follows: Year 1 Year 2 Return on investment 12% 16% 2 $160,000 2 2 00:42:02 Net operating income Turnover Margin Sales $1,000,000 ? 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 O $80,000 O $120,000 $40.000 O O $160,000

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