Question: The Millard Division's operating data for the past two years are provided below: Return on investment Year 1 10% Year 2 248 Net operating income

The Millard Division's operating data for the past two years are provided below: Return on investment Year 1 10% Year 2 248 Net operating income 2 $620,000 Turnover 2 4 Margin 2 2 Sales $3,330,000 ? 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.) Multiple Choice $310,000 $399,600 $199,800 $166,500 The Millard Division's operating data for the past two years are provided

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