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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 ? $ 360,000 Turnover ? 3 Margin ? ? Sales $ 3,200,000 ? Millard Division's margin in Year 2 was 150% of the margin in Year 1. The average operating assets for Year 2 were: $1,000,000 $1,080,000 $1,200,000 $1,388,889

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Based on the information given the average operating assets for Year 2 were: $1,000,000.

Using this formula

Year 2 Return on investment = Year 2 Net operating income / Year 2 Average operating assets

Where:

Year 2 Return on investment=36%

Year 2 Net operating income=$360,000

Year 2 Average operating asset=?

Let plug in the formula  by solving for average operating assets for Year 2

36% = $360,000 / Year 2 Average operating assets

Average operating assets for Year 2 = $360,000 ÷ 36%

Average operating assets for Year 2 = $1,000,000

Inconclusion the average operating assets for Year 2 were: $1,000,000.

Learn more about  average operating assets here:https://brainly.com/question/15834358

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