Question

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:

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

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
96286 answer
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
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 ? $ 520,000 Turnover ? 5 Margin ? ? Sales $ 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: a.$131,200 b. $208,000 c.$262,400 d. $98,400
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 ? $ 640,000 Turnover ? 5 Margin ? ? Sales $ 3,340,000 ? Millard Division's margin in Year 2 was 120% 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 $256,000 $100,200 $133,600 $267,200
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 10 % 24 % Net operating income ? $ 680,000 Turnover ? 4 Margin ? ? Sales $ 3,360,000 ? Millard Division's margin in Year 2 was 120% of the margin in Year 1. The net operating income for Year 1 was: Garrison 16e Rechecks 2017-10-31 Multiple Choice $201,600 $168,000 $403,200 $340,000
3. The Portland Division's operating data for the past two years is as follows: Year 1...
3. The Portland Division's operating data for the past two years is as follows: Year 1 Year 2 Return on investment 6 % 9 % Net operating income $ ? $ 306,000 Turnover ? 2 Margin ? ? Sales $ 2,280,000 ? The Portland Division's margin in Year 2 was 150% of the margin for Year 1. The net operating income for Year 1 was: $284,667 $226,000 $102,600 $68,400
A division's operating data for the past two years is as follows: Year 1 Year 2...
A division's operating data for the past two years is as follows: Year 1 Year 2 Return on investment 8% 12% Net operating income ? $120,000 Turnover ? 2 Margin ? ? Sales $1,000,000 ? 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?
The Merigold Division's operating data for the past two years is as follows: Year 1 Year...
The Merigold Division's operating data for the past two years is as follows: Year 1 Year 2 Return on investment 7 % 12 % Net operating income $ ? $ 372,000 Turnover ? 2 Margin ? ? Sales $ 2,530,000 ? The Merigold Division's margin in Year 2 was 150% of the margin for Year 1. The average operating assets for Year 2 were: $2,650,000 $2,300,000 $3,100,000 $2,700,000
A division's operating data for the past two years is as follows: Year 1 Year 2...
A division's operating data for the past two years is as follows: Year 1 Year 2 Return on investment 14% 18% Net operating income ? $180,000 Turnover ? 2 Margin ? ? Sales $1,000,000 ? 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? $45,000 $140,000 $180,000 $90,000
A division's operating data for the past two years is as follows: Year 1 Year 2...
A division's operating data for the past two years is as follows: Year 1 Year 2 Return on investment 10% 14% Net operating income ? $140,000 Turnover ? 2 Margin ? ? Sales $1,000,000 ? 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 $70,000 $140,000 $35,000 $100,000
A division's operating data for the past two years is as follows: Year 1 Year 2...
A division's operating data for the past two years is as follows: Year 1 Year 2 Return on investment 10% 14% Net operating income ? $140,000 Turnover ? 2 Margin ? ? Sales $1,000,000 ? 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 $140,000 $35,000 $100,000 $70,000
A division's operating data for the past two years is as follows: Year 1 Year 2...
A division's operating data for the past two years is as follows: Year 1 Year 2 Return on investment 10% 14% Net operating income ? $140,000 Turnover ? 2 Margin ? ? Sales $1,000,000 ? 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 $100,000 $35,000 $70,000 $140,000
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT