Question: Year 2 16% A division's operating data for the past two years is as follows: Year 1 Return on investment 12% Net operating income ?

Year 2 16% A division's operating data for the past two

Year 2 16% A division's operating data for the past two years is as follows: Year 1 Return on investment 12% Net operating income ? Turnover ? Margin ? Sales $1,000,000 $160,000 2 ? ? In Year 2 the margin was twice as much as the margin in Year 1. How much was the division's Net Operating Income for Year 1? Multiple Choice $80,000 $40,000 $120,000 $160,000

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