Divisional income Statements and Retum on Investment Analysis Horizen Foeds Inc- is a diversified food products company with three operating divisions organized as investinent centers. Condensed data taken from the reconds of the three divisions for the year ended June 30, 20Y7, are as followsi The management of Roriton Foods inci is evaluating each division as a basis for planning a future expansion of operations. 2. Using the Dupont formula, compute the grofit marginy investment turnover, and return on imvestment for each division. Round to one decimal place. festown 7 crea My then 2. Operating income divided by sales equals prafit margin, Sales diyided by inverted assets equals investment turpoves Multoly these two percentages for the rate is of return. 3. If available funds permst the expansion of eperations of only one division, which of the divisiona would you cecommend for expansion, based on parts (1) and (2)? Complete the paragraph belown Notei Mound any amounts to the nearest cent. Per dellar of imvented assets, the Dwision is the most profitable of the three divisions. Assuming that the returns on investment do not change in the future, an expansien of this division will return cents on each doliar of imested assets. Thus, when faced with limited funds for expansion, management should consider the division identified above