Question: The Millard Division's operating data for the past two years are provided below: Return on investment Net operating income Turnover Margin Sales Year 1

The Millard Division's operating data for the past two years are provided

The Millard Division's operating data for the past two years are provided below: Return on investment Net operating income Turnover Margin Sales Year 1 Year 2 10% 24% ? $ 560,000 ? 4 ? ? $ 3,300,000 ? Millard Division's margin in Year 2 was 120 % of the margin in Year 1. The net operating income for Year 1 was: (Round intermediate percentage computations to the nearest whole percent.)

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