Divisional Performance Analysis and Evaluation The vice president of operations of Free Ride Bike Company is evaluating the performance of the divisions organized as investment centers. Invested statement data for the past year for each division are as follows and condensed income Mountain Bike Division Road Bike Division $1,728,000 1.380,000 175,200 1.440.000 $1,750.000 1.400.000 Cost of goods sold Operating expenses Invested assets Required: 1. Prepare condensed divisional income statements for the Free Ride Bike Company Divisional Income Statements For the Year Ended December 31, 2017 Road Mountain Cost of goods sold Gross profit Opet enses int turnover, and return on investment for each division. If required, round your answers to one 2. Using the DuPont formula for return on investment, determine the profit margin, investm decimal place. Division Profit Margin Investment Turnover Road Bike Division Mountain Bike Division 3. If management's minimum acceptable return on investment is 10%, determine the residual income for each division Residual Income Road Bike Division Mountain Bike Division 4. On the basis of income from operations, the the amount of invested assets in each division. On the basis of resh le of the two divisions. However income from operations vision is the more profitable of the two divisions