Question
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
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:
| A Division | B Division | C Division |
Sales | $10,000,000 | (a) | $2,400,000 |
Net operating income | $1,200,000 | $1,440,000 | $ 600,000 |
Operating assets | (b) | (c) | $ 2,000,000 |
Return on investment | 0.2 | .1 | (d) |
Return on sales | (e) | .12 | 0.25 |
Investment turnover | (f) | (g) | 1.2 |
What is the AS Division's investment turnover?
5.0 | ||
8.3 | ||
1.7 | ||
1.0 | ||
1.3 |
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