What was the operating income in year

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Question - The Baily Division recorded operating data as follows for the past two years:

Year 1 Year 2

Sales ? $1,200,000

Shareholders' Equity $540,000 $720,000

Average Operating Assets $600,000 ?

Margin15% ?

Return on Investment 22.5% 18%

Baily Division's turnover was exactly the same in both Year 1 and Year 2.

What was the operating income in Year 1?

Reference no: EM132606446

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