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

A division's operating data for the past two years is as follows: Year 1 12% Year 2 16% ? $160,000 Return on investment Net operating income Turnover Margin Sales ? 2 ? ? $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 $40,000 thew $80,000 $120,000 $160,000

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