The Millard Division's operating data for the past two years are provided below: Year 1 Year 2 Return on investment 12 % 36 % Net operating income ? $ 660,000 Turnover ? 3 Margin ? ? Sales $ 3,350,000 ? 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 $440,000 $268,000 $402,000 $804,000
The Millard Division's operating data for the past two years are provided below: Year 1 Year 2 Return on investment 12 % 36 % Net operating income ? $ 660,000 Turnover ? 3 Margin ? ? Sales $ 3,350,000 ? 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 $440,000 $268,000 $402,000 $804,000
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter10: Decentralization: Responsibility Accounting, Performance Evaluation, And Transfer Pricing
Section: Chapter Questions
Problem 1CE: Forchen, Inc., provided the following information for two of its divisions for last year: Required:...
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The Millard Division's operating data for the past two years are provided below:
| Year 1 | Year 2 | |||||
| Return on investment | 12 | % | 36 | % | ||
| Net operating income | ? | $ | 660,000 | |||
| Turnover | ? | 3 | ||||
| Margin | ? | ? | ||||
| Sales | $ | 3,350,000 | ? | |||
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
-
$440,000
-
$268,000
-
$402,000
-
$804,000
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