Author Question: The top management at Groundsource Company, a manufacturer of lawn and garden equipment, is ... (Read 41 times)

itsmyluck · **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 Division

Tiller Division

Digger 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 investment

0.22

.1

(d)

Return on sales

(e)

.12

0.25

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

dellikani2015 · **Reply #1 on:** Mar 6, 2021

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