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:

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

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 accounting records.The main computer system was also severely damaged.The following information was salvaged:

What were the sales for the Tiller Division? (Round the final answer to the nearest whole dollar. )

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

Quizplus · Accepted Answer

Return on Sales = Net Income / Sales
0.08 = $1,600,000 / S
S = $1,600,000 / 0.08 = $20,000,000

The Top Management at Groundsource Company,a Manufacturer of Lawn and Garden