Question: The Millard Division's operating data for the past two years are provided below: Year 1 Year 2 Return on investment 12 % 36 % Net

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

Year 1 Year 2
Return on investment 12 % 36 %
Net operating income ? $ 360,000
Turnover ? 3
Margin ? ?
Sales $ 3,200,000 ?

Millard Division's margin in Year 2 was 150% of the margin in Year 1.

The turnover for Year 1 was:

Multiple Choice

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  • 3.0

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