Question: A division's operating data for the past two years is as follows: Year 1 Year 2 12% Return on investment Net operating income 16% $160.000

A division's operating data for the past two years is as follows: Year 1 Year 2 12% Return on investment Net operating income

A division's operating data for the past two years is as follows: Year 1 Year 2 12% Return on investment Net operating income 16% $160.000 ? 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 $120.000 $80,000 o o $40,000 $160,000

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