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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
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, 20YB, are as follows Mutual Fund Division Electronic Brokerage Division Investment Banking Division Fee revenue Operating expenses Invested assets 3,000,000 The management of E.F. Lynch Company is evaluating each division as a basis for planning a future expansion of operations. Required: $820,000 $850,000 400,000 2,500,000 $790,000 598,000 1,600,000 442,000
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