Question: 2 The Millard Division's operating data for the past two years are provided below: Return on investment Net operating income Turnover Margin Sales Year 1

2 The Millard Division's operating data for the past two years are provided below: Return on investment Net operating income Turnover Margin Sales Year 1 12% ? ? ? $ 3,200,000 Year 2 36% $ 360,000 Millard Division's margin in Year 2 was 150% of the margin in Year 1. The average operating assets for Year 2 were: ? ?

The Millard Division's operating data for the past two years are provided below: Millard Division's margin in Year 2 was 150% of the margin in Year 1. The average operating assets for Year 2 were

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