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		?		$	380,000
Turnover		?			4
Margin		?			?
Sales	$	3,210,000			?

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

• $385,200

• $160,500

• $192,600

• $190,000

Last year a company had sales of $370,000, a turnover of 2.1, and a return on investment of 56.7%. The company's net operating income for the year was:

Multiple Choice

• $109,890

• $209,790

• $176,190

• $99,900