Question: Operating data for the Millard Division for the past two years is provided below: Year 1 year 2 Return of investment 10 % 24 %

Operating data for the Millard Division for the past two years is provided below:

Year 1year 2
Return of investment10%24%
operating margin?ps680.000
Rotation?4
Margin??
Salesps3,360,000?

Millard Division's margin in Year 2 was 120% of the margin in Year 1.

 Required

Calculate the net operating income for year 1

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