Question: A division's operating data for the past two years is as follows: Year 1 Year 2 Return on investment 10% 14% Net operating income ?

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

Year 1

Year 2

Return on investment

10%

14%

Net operating income

?

$140,000

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 divisions Net Operating Income for Year 1?

Multiple Choice

  • $100,000

  • $35,000

  • $70,000

  • $140,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Year 2 A division's operating data for the past two years is as follows: Year 1 Return on investment 10% Net operating income Turnover ? Margin ? Sales $1,000,000 ? 14% $140,000 2 ? In Year 2 the...

Q:

A division's operating data for the past two years is as follows: Year 1 Return on Investment 10% Year 2 14% $140,000 2 Net operating income Turnover 7 7 7 Margin Sales $1,000,000 7 In Year 2 the...

Q:

Ok, 2.00 each. I would like these done within the next day. then I have 45 more for you. let me know how long you would need to do 45, I can send you some example questions from the other chapters...

Q:

Ok, 2.00 each. I would like these done within the next day. then I have 45 more for you. let me know how long you would need to do 45, I can send you some example questions from the other chapters...

Q:

lS operating data for the past two years is as follows Year 1 Year Return on investment Net operating income Turnover Margin Sales 12 24 $288 $1,600 The Division's margin in Year 2 was 150% of the...

Q:

A division's operating data for the past two years is as follows: Year 1 Return on investment Year 2 10% 14% Net operating Income Turnover ? $140,000 2 Margin Sales ? ? $1,000,000 ? In Year 2 the...

Q:

A division's operating data for the past two years is as follows: Year 1 Return on investment 14% Net operating income ? Turnover ? Margin ? Sales $1,000,000 Year 2 18% $180,000 2 ? 7 In Year 2 the...

Q:

A division's operating data for the past two years is as follows: Year 1 Year 2 14% 10% ? $140,000 Return on investment Net operating income Turnover Margin Sales 2 ? ? ? $1,000,000 ? In Year 2 the...

Q:

Saved Advision's operating data for the past two years is as follows: Year 1 10% ? Return on investment Net operating income Turnover Margin Sales Year 2 14% $140,000 2 2 2 $1000.000 In Year 2 the...

Q:

Need Help ASAP eveo Help A division's operating data for the past two years is as follows: Year 1 Return on investment 14% Net operating income Turnover ? Margin ? Sales $1,000,000 Year 2 18%...

Q:

The time-dependent displacement r(t), and velocity i(t), of a particle's motion is described by the equation x + 2i = 3ri. (a) Find any equilibrium point(s) of the system, and show that the equation...

Q:

Income Statement Sales Costs. Other Expenses Depreciation EBIT Interest Taxable Income Taxes Net Income Dividends Retained Earnings $33,500 $25,000 $45,500 $35,000 $50,000 $250,000 $120,000 $20,000...

Q:

Which of the following is true of contracts of adhesion? Multiple Choice The contracts of adhesion are considered to be voidable until they are ratified by both the parties involved in the contract....

Q:

Which of the following are problems with identifying users of ABC? Multiple select question. ABC means different things to different organizations. Organizations will announce the discontinuance of...

Q:

B Drinking on the job is frowned on in corporate America. But at workrelated lunches and dinners, businesspeople often run up considerable bar tabs. Why might alcohol be encouraged in one setting but...

Q:

Do you have any relationships that exist strictly online? Do you consider these relationships different from other ones in your life? Are they more intimate or less?

Q:

Do you rely on different relational partners for companionship, stimulation, or goal achievement? Do you have some relationships that provide all three functions?