Question: The Millard Division's operating data for the past two years are provided below: Year 1 Year 2 Return on investment 10 % 24 % Net

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

Year 1 Year 2
Return on investment 10 % 24 %
Net operating income ? $ 680,000
Turnover ? 4
Margin ? ?
Sales $ 3,360,000 ?

Millard Division's margin in Year 2 was 120% of the margin in Year 1.

The net operating income for Year 1 was:

Garrison 16e Rechecks 2017-10-31

Multiple Choice

$201,600

$168,000

$403,200

$340,000

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