Agrande linker takeAssignmentSessionlocatarinprogress=false Divisional Performance Analysis and Evaluation The vice president of operations of Free Ride Bike Company is evaluating the performance of two divisions organized as investment centers. Invested assets and condensed income statement data for the past year for each division are as follows: Road Bike Division Mountain Bike Division Sales Cost of goods sold $5,830,000 2,565,000 2,273,900 5,300,000 $6.160,000 2,895,000 2,341,000 4,400,000 Operating expenses Invested assets Required 1. Prepare condensed divisional income statements for the year anded December 11, 2017, assuming that there were no service department cost allocations Free Ride Bike Company Divisional Income Statements For the Year Ended December 31, 2017 Road Bike Division Mountain Bike Division Cost of goods sold Gross profit Operating expenses Income froci ont 2. Using the Ormat for return on instant determine the house and returnen imusten for achition. If required, round your answers to one decimal place Previous Ste Test for Grad O 12:00 PM AT 2 chp ostale 1. Iepare condensed Vision Income statements for the year ended December 31, 2017 assuming that there were no service department cost locations, Free Ride Bike Company Divisional Income Statements For the Year Ended December 31, 2017 Road Bike Division Mountain Bike Division Sales Cost of goods sold Gross profit Operating expenses Income from operations 9. Using the Dupont formula for return on investment, determine the profit margin, investiturand return on investment for each division. If required, round your answers to ne decimal place. Division Profit Margin Investment Turnover ROL Roadhe Division Mountain Bike Division If management minimum acceptable 15, determine the door locome for each on. If gered the mission to indicate come Division Hesidual income Road Bike Division Mountain Don Division On the ball of income from operations, the vision is the more profitable of the two divo. However, income from operations mount of invested assets in cach division on the sofridual income the Olson is the more profitable of the two do consider the Pevu Som Test for me 1201 PM O Divisional Performance Analysis and Evaluation The vice president of operations of Free Ride Bike Company is evaluating the performance of two divisions organized as Investment centers. Invested assets and condensed income statement data for the past year for each division are as follows: Road Bike Mountain Bike Division Division Sales $5,830,000 $6,160,000 Cost of goods sold 2.565,000 2,895,000 Operating expenses 2.273.900 2,341,000 Investid assets 5,300,000 1.400,000 Required: 1. Prepare condensed divisional income statements for the year ended December 3, 2017, asuming that there were no service department cost och Free Ride Bike Company Divisional Income Statements For the Year Ended December 31, 2017 Road Bike Division Mountain Bike Division Sale cost of goods sold Grosso Operating expenses Income from operations 2. Using the Duct Formula for returneres determine the educand return on intent for each of required, round your answers to ane decimal olace Next Set for 101 M
