Question: The Millard Division's operating data for the past two years are provided below: Year 1 Return on investment10% Net operating income? Turnover? Margin? Sales $3,240,000

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

Year 1

Return on investment10%

Net operating income?

Turnover?

Margin?

Sales $3,240,000

Year 2

Return on investment 24%

Net operating income $440,000

Turnover4

Margin?

Sales ?

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

The sales for Year 2 were:

Multiple Choice

  • $7,666,666
  • $1,833,333
  • $7,333,333
  • $3,240,000

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