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Author Question: The top management at Groundsource Company, a manufacturer of lawn and garden equipment, is ... (Read 58 times)

itsmyluck

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on: Mar 6, 2021
The top management at Groundsource Company, a manufacturer of lawn and garden equipment, is attempting to recover from a fire that destroyed some of their accounting records. The main computer system was also severely damaged. The following information was salvaged:

Tractor DivisionTiller DivisionDigger Division
Sales$15,000,000(a)$2,400,000
Net operating income$1,700,000$1,440,000$ 600,000
Operating assets(b)(c)$ 2,000,000
Return on investment0.22.1(d)
Return on sales(e).120.25
Investment turnover(f)(g)1.2

What is the value of the operating assets belonging to the Tractor Division?
◦ $15,000,000
◦ $2,179,487
◦ $13,300,000
◦ $7,727,273
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by itsmyluck on Mar 6, 2021

dellikani2015

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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itsmyluck

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

laurnthompson

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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