Question: A division's operating data for the past two years is as follows: Year 1 Year 2 Return on Investment 8% 12% Net operating Income $120,000

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

A division's operating data for the past two years is as follows: Year 1 Year 2 Return on Investment 8% 12% Net operating Income $120,000 Turnover 2 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 $30,000 $60,000 $80,000 $120,000

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