AdventureSports Company makessnowboards, downhillskis, cross-countryskis, skateboards,surfboards, andin-line skates. The company has found it beneficial to split operations into two divisions based on the climate required for thesport: Snow Sports andNon-Snow Sports. The following divisional information is available for the pastyear:

1. Compute each division's asset turnover (round to two decimal places). Interpret your results. First, enter the formula, and then calculate each divisions asset turnover. (Round your answer to two decimal places.) = Asset turnover Snow Sports times Non-Snow Sports times Interpret your results. Based on the divisions' asset turnover rates, we know that these rates the divisions had different ROIs.Divisional information Operating Total Current Basic Profit Sales Income Assets Liabilities ROI Margin Snow Sports . ...... $ 5,500,000 $ 990,000 $ 4,100,000 $ 500,000 24.1 % 18 % Non-Snow Sports .. ... 8,400,000 1,512,000 6,000,000 800,000 25.2 % 18 % Adventure Sports management has specified a target 15% rate of return. The company's weighted average cost of capital (WACC) is 12%, and its effective tax rate is 38%.2. Use your answers to Question 1 along with the profit margin to recalculate ROI using the expanded formula. Do your answers agree with the basic ROI? First, enter the expanded formula, and then calculate each divisions ROI. (Enter the rate as a percentage to one decimal place, X.X%.) X ROI Snow Sports % X % Non-Snow Sports X % Do your answers agree with the basic ROI