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The Millard Divisions operating data for the past two years are provided below: ook Year 1 12% ? Year 2 369 $540,000 Return
o О $360,000 o $263,200 o $394,800 o О $789,600
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Net operating income for year I was $ 360,000 Working Notes: Margin in Year 2 was 150% of the margin in Year 1 Net Operating

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