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Apple Inc. has two division X and Y. Invested anets and condensed income statement data for each division for the yem ended Decem follows Division
Apple Inc. has two division X and Y. Invested anets and condensed income statement data for each division for the yem ended Decem follows Division X Division Revenues $ 260,000 $132,300 Operating expenses $ 92,500 $ 84,750 Service department charges $ 31,800 $ 14,625 Invested assets $ 420,000 $ 141,000 (a) Determine the operating income for Division X and Division Y. b) Using the DuPont formula, determine the profit margin, investment turnover, and rate of return on investment for each division. Round the profit margin percentage to two decimal places and investment turnover to four decimal places
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