Question

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

Answer #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
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?

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
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
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
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

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:

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 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

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

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