22 Divisional Performance Analysis and Evaluation The vice president of operation of free Ride Bike Company srovatunting the performance of two ovisions organited mestu ters, meestades en consente score statement data for the past year for each division wow Road Bike Division Mountain Bike Division Sales $5,720,000 56.020,000 Cost of goods sold 2,517,000 2,329,000 Operating expenses 2,173,400 2,227,000 Invested asset 5,200,000 1,300,000 Required 1. Prepare condensed divisional income statements for the year ended December 31, 2017, assuming that there were no suport department allocations Free Ride Bike Company Divisional Income Statements For the Year Ended December 31, 2017 Road nike Division Mountain Bike Division Sales Cost of goods sold Gross profit Operating expenses Operating income 2. Using the DuPont formula for return on investment, determine the proti margiveer turnover, and rate of monivestment for each visitfrequired, round Previous Check My Workout CheckMy Work eman Divisional Income Statements For the Year Ended December 31, 2017 Road Bike Division Mountain Bike Division Sales Cost of good old Geos profit Operating Operating income 2. Using the button for tuman in de there and rate of onverhoud your answers to one decimal place Division Profil Margin Thement Turnover RO Road Bike Division Mountain Bike DV 3. If management desires a minimum acceptable rate of return of these for each davon Residual income Road Bike wis on Mountain Bike Division 4. On the basis of operating con, the amount of invested assets in each division on the basis of the Din the wall of the Prevo My Wong