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The Millard Division's Operating Data for the Past Two Years

question 185

Multiple Choice

The Millard Division's operating data for the past two years are provided below:
 Year 1  Year 2  Return on Investment 12%36% Shareholders’ Equity $800,000$500,000 Operating Income ?$360,000 Turnover ?3 Margin ?? Sales $3,200,000? Millard Division’s margin in Year 2 was 150% of the margin in Year 1.\begin{array}{l}\begin{array} { | l | r | r | } \hline & \text { Year 1 } & \text { Year 2 } \\\hline \text { Return on Investment } & 12 \% & 36 \% \\\hline \text { Shareholders' Equity } & \$ 800,000 & \$ 500,000 \\\hline \text { Operating Income } & ? & \$ 360,000 \\\hline \text { Turnover } & ? & 3 \\\hline \text { Margin } & ? & ? \\\hline \text { Sales } & \$ 3,200,000 & ? \\\hline\end{array}\\\text { Millard Division's margin in Year } 2 \text { was } 150 \% \text { of the margin in Year } 1 .\end{array}


-What was the turnover for Year 1?


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