Question: The Millard Division's operating data for the past two years are provided below: ook Year 1 12% ? Year 2 369 $540,000 Return on investment

The Millard Division's operating data for the past two years are provided below: ook Year 1 12% ? Year 2 369 $540,000 Return on investment Net operating income Turnover Margin Sales rences $3,290,000 Millard Division's margin in Year 2 was 150% of the margin in Year 1. The net operating income for Year 1 was: o $360,000 o $263,200 o $394,800 o $789,600

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