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The Millard Division's operating data for the past two years are provided below: Year 1 Year...

The Millard Division's operating data for the past two years are provided below: Year 1 Year 2 Return on investment 15 % 20 % Net operating income ? $ 700,000 Turnover ? 5 Margin ? ? Sales $ 3,370,000 ? Millard Division's margin in Year 2 was 140% of the margin in Year 1. The net operating income for Year 1 was:

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Answer #1
year 1 year 2
Return on investment 15% 20%
Net operating income ? 700,000
turnover ? 5
margin ? ?
Sales 3,370,000 ?
ROI = margin *turnover
year 2 margin = 20%/5
4%
margin in year 2 is 140% of margin in year 1
hence year 1 margin = 4/1.4
2.857143
margin = net operating income /sales
2.857143 = x/3370,000
x                 = 3370000*2.857143
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