Divisional Income Statements Score: 52760 The Crunchy Granola Company Divisional Income Statements For the Year Ended June 30, 2017 Cereal Division Snack Cake Division Retail Bakeries Division $9,850,000.00 $8.300,000.00 1 Sales 3 Cost of goods sold $26,300,000.00 16,660,000.00 $9.640,000.00 5.535,000.00 6,780,000.00 4 Gross profit $2.765,000.00 $3.070,000.00 8.325,000.00 2.018.000.00 5 Operating expenses $1.315,000.00 $747.000.00 Income from operations Check My Work 2 Using the DuPont formula for return on investment compute the profit margin investment turnover, and return on investment for each division require round your final answers to one decimal place. Division Profit Margin Investment Turnover ROI Cereal 9 40 20% Snack Cake % 96 Retall Bakeries % Points 2/9 Foodtak Chock My World Income from operations divided by sales equals profit margin Sales divided by invested assets equals investment turnover. Multiply these two values Check My Work PREVIO O G