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

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

The Millard Division's operating data for the past two years are provided below: Year 1 Year Return on investment 15% 2 Net operating income ? $700 Turnover ? Margin ? Sales $3,370,000 Millard Division's margin in Year 2 was 140% of the margin in Year 1. The net operating income for Year 1 was: $134,800 $269,600 $96,285.7143 $280,000 illard Division's operating data for the past two years are provided Year 1 Year 2 on investment 15% 20% erating income ? $700,000 'er ? 5 ? ? $3,370,000 ? Division's margin in Year 2 was 140% of the margin in Year 1. it operating income for Year 1 was

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