Divisional Income Statements and Return on Investment Analysis E.F. Lynch Company is a diversified investment company with three operating divisions organized as Investment centers, Condensed data taken from the records of the three divisions for the year ended June 30, 2048, are as follows: Mutual Fund Electronic Brokerage Investment Banking Division Division Division Fee revenue $1,390,000 $1,470,000 $1,430,000 Operating 747,400 618,600 1,082,000 expenses Invested assets 5,100,000 4,300,000 2,900,000 The management of ER Lynch Company is evaluating each division as a basis for planning a future expansion of operations