Question: The Millard Division's operating data for the past two years are provided below: Return on investment Net operating income Turnover Margin Sales Year 1

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

The Millard Division's operating data for the past two years are provided below: Return on investment Net operating income Turnover Margin Sales Year 1 Year 2 12% 36% ? $ 540,000 3 ? ? $ 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: Note: Round your intermediate percentage calculations to the nearest whole percent.

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