A condensed income statement for the Commercial Division of Maxell Manufacturing Inc. for the year ended December 31 is as follows: operations are to continue. The division manager is considering the following three proposals: would be included as part of the cost of goods sold. Sales would remain unchanged. no remaining book value, would be scrapped at no gain or loss. The new equipment would increase invested assets by an additional $1,815,000 for the year. gain or loss. Commercial Division \begin{tabular}{lr} \multicolumn{2}{c}{ Commercial Division } \\ \hline Profit margin & 11% \\ Investment turnover & 1.3 \\ ROI & \multicolumn{1}{r}{} \\ & \end{tabular} 2. Prepare condensed estimated income statements and compute the invested assets for each proposal. Feedback Check My Work 3. Income from operations divided by sales equals profit margin. Sales divided by invested assets equals investment turnover. Multiply these two values for the rate of return. 4. Which of the three proposals would meet the required 18.00% return on investment? Check all that apply. Proposal 2 Proposal 3 Proposal 1 your increase in investment turnover answer as a percentage of current investment turnover. (Note: If required, round your intermediate and final answer to two decimal places.) X% A condensed income statement for the Commercial Division of Maxell Manufacturing Inc. for the year ended December 31 is as follows: operations are to continue. The division manager is considering the following three proposals: would be included as part of the cost of goods sold. Sales would remain unchanged. no remaining book value, would be scrapped at no gain or loss. The new equipment would increase invested assets by an additional $1,815,000 for the year. gain or loss. Commercial Division \begin{tabular}{lr} \multicolumn{2}{c}{ Commercial Division } \\ \hline Profit margin & 11% \\ Investment turnover & 1.3 \\ ROI & \multicolumn{1}{r}{} \\ & \end{tabular} 2. Prepare condensed estimated income statements and compute the invested assets for each proposal. Feedback Check My Work 3. Income from operations divided by sales equals profit margin. Sales divided by invested assets equals investment turnover. Multiply these two values for the rate of return. 4. Which of the three proposals would meet the required 18.00% return on investment? Check all that apply. Proposal 2 Proposal 3 Proposal 1 your increase in investment turnover answer as a percentage of current investment turnover. (Note: If required, round your intermediate and final answer to two decimal places.) X%