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Title: The top management at Groundsource Company, a manufacturer of lawn and garden equipment, is ... Post by: tftc4e on Jul 31, 2018 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$10,000,000(a)$2,400,000 Net operating income$ 1,000,000$1,600,000$ 600,000 Operating assets(b)(c)$ 2,000,000 Return on investment0.200.15(d) Return on sales(e)0.080.25 Investment turnover(f)(g)1.2 What were the sales for the Tiller Division? (Round the final answer to the nearest whole dollar.) A) $10,666,667 B) $20,000,000 C) $3,000,000 D) $853,333 Title: The top management at Groundsource Company, a manufacturer of lawn and garden equipment, is ... Post by: annabananerz on Jul 31, 2018 B
Explanation: Return on Sales = Net Income / Sales 0.08 = $1,600,000 / S S = $1,600,000 / 0.08 = $20,000,000 Title: The top management at Groundsource Company, a manufacturer of lawn and garden equipment, is ... Post by: tftc4e on Jul 31, 2018 Appreciate the effort you put into answering, thank you!
Title: The top management at Groundsource Company, a manufacturer of lawn and garden equipment, is ... Post by: annabananerz on Jul 31, 2018 You're very welcome
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