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

A division's operating data for the past two years is as follows: Year 1 Year 2 8% 12% ? $120,000 Return on investment Net operating income Turnover Margin Sales ? 2 ? ? $1,000,000 7 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 $80,000 $120,000 $30,000

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