Divisional performance analysis and evaluation The vice president of operations of Recycling Industries is evaluating the performance of two divisions organized as investment centers. Invested assets and condense income statement data for the past year for each division are as follows: 1. Prepare condensed divisional income statements for the year ended December 31,20 y, assuming that there were no support department allocitions. 2. Using the Dupont formula for return on investment, determine the profit margin, investment turnover, and return on investment for each division. Round percentages to one decimal place and the investment turnover to two decimal places. Divisional Income Statements Ear tha Vasor findad naramhar 21 onva 2. Using the Dupont formula for return on investment, determine the profit margin, investment turnover, and return on investment for each division. Round percentages to one decimal place and the investment turnover to two decimal places. 3. If management desires a minimum acceptable return on investment of 10%, determine the residual income for each division. 4. On the basis of operating income, the Division is the more profitabie of the two divions. Moweve, operating incame consider the ameunt of invested assets in each division. On the basis of retidual inceme, the Division is the more profitabie of the twe divisens