Divisional Income Statements and Return on Investment Analysis High Country Foods Inc. is a diversified food products 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, 2097, are as follows: Breakfast Bakery Division Frozen Foods Division Division Sales $39,600,000 $18,500,000 $24,000,000 32,500,000 13,500,000 14,400,000 Cost of goods sold Operating expenses 4,724000 3,705,000 7,680,000 Invested assets 22,000,000 9,250,000 16,000,000 The management of High Country Foods Inc. is evaluating each division as a basis for planning a future expansion of operations. Required: 1. Prepare condensed divisional income statements for the three divisions, assuming that there were no service department charges. High Country Foods Inc. Divisional Income Statements For the Year Ended June 30, 2017 Breakfast Division Bakery Division Frozen Foods Division Operating income 2. Using the DuPont formula, compute the profit margin, investment turnover, and return on investment for each division. Round to one decimal place. Profit Margin Investment Turnover RO Breakfast Division Bakery Division Frozen Foods Division 3. Per dollar of invested assets, list the order of the most profitable division to the least profitable division: 1. Breakfast Division II. Bakery Division III. Frozen Foods Division Select correct choices from the above