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 Reference: 12-11 \text { Reference: 12-11 } The Millard Division's Operating Data for the Past Two Years

question 79

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 Reference: 12-11 \text { Reference: 12-11 } The Millard Division's operating data for the past two years are provided below:  Year 1  Year 2  Return on investment 12%36% Stockholders’ equity $800,000$500,000 Net operating income ?$360,000 Turnover ?3 Margin ?? Sales 3,200,000?\begin{array} { | l | l | l | } \hline & \text { Year 1 } & \text { Year 2 } \\\hline \text { Return on investment } & 12 \% & 36 \% \\\hline \text { Stockholders' equity } & \$ 800,000 & \$ 500,000 \\\hline \text { Net operating income } & ? & \$ 360,000 \\\hline \text { Turnover } & ? & 3 \\\hline \text { Margin } & ? & ? \\\hline \text { Sales } & 3,200,000 & ? \\\hline\end{array} Millard Division's margin in Year 2 was 150% of the margin in Year 1.
-The sales for Year 2 were?

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Definitions:

Product

An item or service created for sale or use, offering value to customers.

Marketing Mix

An assortment of controllable variables by a company aimed at encouraging customers to buy its offerings, namely product, price, place, and promotion.

Vending Machine

A machine operating automatically that dispenses products like snacks, drinks, and various items to customers once they input money, use a credit card, or insert a purpose-made card.

Marketing Mix

A blend of elements under a company's control designed to motivate purchases by consumers, often referred to as the product, price, location, and advertising.

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