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The Millard Division's operating data for the past two years are provided below:
Millard Division's margin in Year 2 was 120% of the margin in Year 1.
The sales for Year 2 were:
Year 1Year 2Return on investment10%24%Net operating income?$
680,000Turnover?4Margin??Sales$ 3,360,000?

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The Millard Divisions operating data for the past two years are p.pdf

  • 1. The Millard Division's operating data for the past two years are provided below: Millard Division's margin in Year 2 was 120% of the margin in Year 1. The sales for Year 2 were: Year 1Year 2Return on investment10%24%Net operating income?$ 680,000Turnover?4Margin??Sales$ 3,360,000?