Question: The Millard Division's operating data for the past two years are provided below: Year 1 Year 2 Return on investment 15 % 20 % Net

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

Year 1 Year 2
Return on investment 15 % 20 %
Net operating income ? $ 640,000
Turnover ? 5
Margin ? ?
Sales $ 3,340,000 ?

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

  • $256,000

  • $100,200

  • $133,600

  • $267,200

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