Question: The Millard Division's operating data for the past two years are provided below: Year 1 10% ? Year 2 24% $620,000 Return on investment Net

The Millard Division's operating data for the past two years are provided below: Year 1 10% ? Year 2 24% $620,000 Return on

The Millard Division's operating data for the past two years are provided below: Year 1 10% ? Year 2 24% $620,000 Return on investment Net operating income Turnover Margin Sales $3,330,000 Millard Division's margin in Year 2 was 120% of the margin in Year 1. The sales for Year 2 were: Multiple Choice $2,583,333 $3,330,000 $5,166,667 $5,500,000

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