Answer the Following Questions Using the Information Below:
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question 86

Multiple Choice

Answer the following questions using the information below:
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:
$\begin{array}{lrrr}&\text { Tractor Division }& \text { Tiller Division }& \text {Digger Division }\\\text { Sales } & \$ 10,000,000 & (\mathrm{a}) & \$ 2,400,000 \\\text { Net operating income } & \$ 1,000,000 & \$ 1,440,000 & \$ 600,000 \\\text { Operating assets } & (\mathrm{b}) & (\mathrm{c}) & \$ 2,000,000 \\\text { Return on investment } & 0.20 & 0.10 & \text { (d) } \\\text { Return on sales } & (\mathrm{e}) & 0.12 & 0.25 \\\text { Investment turnover } & \text { (f) } & \text { (g) } & 1.2\end{array}$
-What were the sales for the Tiller Division?

• A) $9,600,000
• B) $12,000,000
• C) $15,000,000
• D) $15,500,000

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Definitions:

Market Price

The current value at which a commodity, security, or service can be bought or sold in a marketplace.

Economic Growth

An increase in the economic output and wealth of a country, typically measured by the gross domestic product (GDP).

Natural Capital

The world's stocks of natural assets which include geology, soil, air, water, and all living organisms.

Gross Domestic Product

The total value of all goods and services produced within a country in a specific time period, a measure of economic performance.