Arlington Clothing, Inc. shows the following information for its two divisions for year 1 Sales revenue Cost of sales Allocated corporate overhead Other general and administration Lake Region Coastal Region $4,680,000 $12,920,000 2.616.300 6.460.000 249,880 7 75,200 538,900 3,740,000 The results for year 2 have just been posted. Lake Region $4,088,eee 2,616,3ee 306,000 538,900 Sales revenue Cost of sales Allocated corporate overhead Other general and administration 4 Coastal Region $9,520, eee ,760,000 714,000 3,740, eee Required: a. Compute divisional operating income for the two divisions. b-1. What are the gross margin and operating margin percentages for both divisions? b-2. How well have these divisions performed? Required: a. Compute divisional operating income for the two divisions. b-1. What are the gross margin and operating margin percentages for both divisions? b-2. How well have these divisions performed? Complete this question by entering your answers in the tabs below. RA Reg 1 Req B2 Compute divisional operating income for the two divisions. (Enter your answers in thousands of dollars rounded to 1 decimal place.) Lake Region Coastal Region Operating income Required: a. Compute divisional operating income for the two divisions b-1. What are the gross margin and operating margin percentages for both divisions? b-2. How well have these divisions performed? Complete this question by entering your answers in the tabs below. RA Rag B2 What are the gross margin and operating margin percentages for both divisions? (Enter your answers as a percentage rounded to 2 decimal places (le, 32.12).) Lake Region Coastal Region Gross margin percentage Operating mag Required: a. Compute divesonal operating income for the two divisions b-1. What are the gross margin and operating margin percentages for both divisions? b-2. How well have these divisions performed? Complete this question by entering your answers in the tabs below. RA Reg 1 Reg 2 How well have these divisions performed? (Select all that apply) The reported divisional income for the Region went down because sales in Coastal Region Corporate Overhead is alocated on the basis of relative revenues Corporate overhead is located on the base of abouter The performance of the Lake Regionis aflected by the results in the Co l Ropion The operating margin is greater in Lake Region The gross margin percentao istigher in Coastal Region