The top management at Groundsource Company, a manufacturer of lawn and garden equipment, is attempting to recover from a flood, which destroyed some of its accounting records. The main computer system was also severely damaged. The following information was salvaged:

	Tractor Division	Tiller Division	Digger Division
Sales	$10,000,000	(a)	$2,400,000
Net operating income	$1,000,000	$1,440,000	$600,000
Total assets	(b)	(c)	$2,000,000
Return on investment	0.20	0.10	(d)
Return on sales	(e)	0.12	0.25
Investment turnover	(f)	(g)	1.2

36) What were the sales for the Tiller Division?

A) $9,600,000

B) $12,000,000

C) $15,000,000

D) $15,500,000

E) $14,400,000

Explanation: Return on Sales = Net Inc/Sales

37) What is the value of the total assets belonging to the Tractor Division?

A) $3,500,000

B) $4,000,000

C) $4,500,000

D) $5,000,000

E) $2,000,000

Explanation: ROI = Net Income/Assets

38) What is the value of the total assets belonging to the Tiller Division?

A) $10,000,000

B) $12,000,000

C) $14,400,000

D) $15,000,000

E) $16,000,000

Explanation: ROI = Net Income/Assets

Assets = Net Income/ROI

39) What is the Digger Division's return on investment?

A) .25

B) .30

C) .45

D) .60

E) .20

Explanation: ROI = Net Income/Net Assets = Return on Sales Asset Turnover

40) What is the Tractor Division's return on sales?

A) 0.10

B) 0.12

C) 0.15

D) 0.20

E) 0.25