TB MC Qu. 10-83 (Algo) The Millard Division's operating... The Millard Division's operating data for the past two years are provided below: Return on investment Net operating income Turnover Margin Sales Year 1 128 ? ? ? Year 2 36% $ 540,000 3 2 $ 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: (Round intermediate percentage computations to the nearest whole percent.)

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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TB MC Qu. 10-83 (Algo) The Millard Division's operating...
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
128
?
?
?
Year 2
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: (Round intermediate percentage computations to the nearest whole percent.)
Transcribed Image Text:TB MC Qu. 10-83 (Algo) The Millard Division's operating... The Millard Division's operating data for the past two years are provided below: Return on investment Net operating income. Turnover Margin Sales Year 1 128 ? ? ? Year 2 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: (Round intermediate percentage computations to the nearest whole percent.)
Multiple Choice
O
O
$360,000
$263,200
$394,800
$789,600
Transcribed Image Text:Multiple Choice O O $360,000 $263,200 $394,800 $789,600
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