Question: The Millard Division's operating data for the past two years are provided below: Year 1 12% ? Return on investment Net operating income Turnover Margin

The Millard Division's operating data for the past two years are provided below: Year 1 12% ? Return on investment Net operating income

The Millard Division's operating data for the past two years are provided below: Year 1 12% ? Return on investment Net operating income Turnover Margin Sales Year 2 36% $ 720,000 3 ? ? ? $ 3,380,000 ? Millard Division's margin in Year 2 was 150% of the margin in Year 1. The net operating income for Year 1 was: Multiple Choice $480,000 o $270,400 $405,600 O $811,200 O

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