Question: The Millard Division's operating data for the past two years are provided below: Year 1 Year 2 Return on investment 15 % 20 % Net

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

Year 1 Year 2
Return on investment 15 % 20 %
Net operating income ? $ 700,000
Turnover ? 2
Margin ? ?
Sales $ 3,370,000 ?

Millard Division's margin in Year 2 was 100% of the margin in Year 1.

The sales for Year 2 were:

Multiple Choice

  • $5,250,000

  • $3,370,000

  • $7,000,000

  • $7,333,333

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