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Bentz Co. has two divisions, A and B. Invested assets and condensed income statement data for each division for the y ended December 31, are

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Bentz Co. has two divisions, A and B. Invested assets and condensed income statement data for each division for the y ended December 31, are as follows: Division A Division B $190,000 $125,500 112,500 92,750 Revenues Operating expenses Service department charges 29,500 12,625 225,00099,000 Invested assets (a) Prepare condensed income statements for the past year for each division. Pont formula, determine the profit margin, investment turnover, and rate of return on investment (b) Using the Du for each division. Round the profit margin percentage to two decimal places and investment turnover to four decimal places Prepare condensed income statements for the past year for each division. Bentz Co. Divisional Income Statements For the Year Ended December 31 Division A Division B 2 Revenues Operating expenses Income from operations before service department charges Service department charges Income from operations 4 5 6

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