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 12% Year 2 36% ? $ 480,000 ? 3 ? ? $ 3,260,000 ? Millard Division's margin in Year 2 was 150% of the margin in Year 1. The net operating income for Year 1 was: (Round your intermediate percentage calculations to the nearest whole percent.) Multiple Choice $320,000 $260,800 $391,200 $782,400

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 12% Year 2 36% ? $ 480,000 ? 3 ? ? $ 3,260,000 ? Millard Division's margin in Year 2 was 150% of the margin in Year 1. The net operating income for Year 1 was: (Round your intermediate percentage calculations to the nearest whole percent.) Multiple Choice $320,000 $260,800 $391,200 $782,400

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter11: Performance Evaluation And Decentralization

Section: Chapter Questions

Problem 27E: Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the...

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The Millard Division's operating data for the past two years are provided below: Year 2 20% $ 520,000 5 ? ? Return on investment Net operating income Turnover Margin Sales Multiple Choice $ 3,280,000 Millard Division's margin in Year 2 was 140% of the margin in Year 1. The net operating income for Year 1 was: (Round inter ediate percentage computations to the nearest whole percent.) O $98,400 $208,000 $262,400 Year 1 $131,200 15% ? ? ?
The Millard Division's operating data for the past two years are provided below: Return on investment Net operating income Turnover Margin Sales Multiple Choice O $264,800 $232,000 $99,300 Year 1 $132,400 15% ? 77 ? $ 3,310,000 Millard Division's margin in Year 2 was 130% of the margin in Year 1. The net operating income for Year 1 was: (Round intermediate percentage computations to the nearest whole ? Year 2 20% $ 580,000 5 ? ?
The Millard Division's operating data for the past two years are provided below: Year 1 Return on investment Net operating income Turnover Margin Sales 10% ? ? ? Year 2 24% $ 380,000 4 ? $ 3,210,000 Millard Division's margin in Year 2 was 120% 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. ?
The Millard Division's operating data for the past two years are provided below: Year 1 Year 2 Return on investment 12 % 36 % Net operating income ? $ 660,000 Turnover ? 3 Margin ? ? Sales $ 3,350,000 ? Millard Division's margin in Year 2 was 150% of the margin in Year 1. The net operating income for Year 1 was: (Round intermediate percentage computations to the nearest whole percent.) Multiple Choice $440,000 $268,000 $402,000 $804,000
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The following data has been provided for a company’s most recent year of operations: Return on investment 40% Average operating assets $ 60,000 Minimum required rate of return 18% The residual income for the year was closest to: Multiple Choice $19,200 $13,200 $18,000 $23,000
Durand Division has the following results for the year: Revenues $470,000Net income 130,000Total divisional assets are $625,000. The company's minimum required rate of return is 12 percent. Residual income for Durand is?
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