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

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

The Millard Division's operating data for the past two years are provided below: Return on investment Net operating income Turnover Margin Sales Year 1 10% ? ? ? $3,270,000 Year 2 24% $500,000 4 ? ? Millard Division's margin in Year 2 was 120% of the margin in Year 1. The net operating income for Year 1 was: Multiple Choice O $250.000 O $163,500 $196,200 $392,400

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