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The top management at Groundsource Company, a manufacturer of lawn and garden equipment, is attempting...

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Accounting

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 $1,400,000 $1,440,000 $600,000 Operating assets (b) (c) $2,000,000 Return on investment 0.23 .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?

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