Divisional Performance Analysis and Evolution The vice president of operations of Frode Bike Company evaluating the pedformance of the ordered and condemned income statement data for the past year for each division are as follows: Road Bike Division Mountain Bike Division Sale Cost of goods sold Operating expense Invested assets 56,120,000 2,693,000 2.325,400 5,100,000 $6.140,000 2.027,000 2,382,600 4,600,000 Required 1. Prepare condensed divinat income went for the past de 2017, suming that there were no poden Free Ride Bike Company Divisional Income Statement For the Year Ended December 31, 2017 Road Bike Division Mountain Bike Division Sales Cost of goods sold Gross profit Operating expenses Operating income 2. Using the DuPont formula for return on investment, determine the petit moment and rate ofrumon ment for the division If required, round your answers to one decimal place. Free Ride Bike Company Divisional Income Statements For the Year Ended December 31, 2017 Road Bike Division Mountain Bike Division Sales Cost of goods sold Gross profit Operating expenses Operating income 2. Using the DuPont format for return on investment determine the profit movement turn and rate of return on wivestment for the division. If required, round your answers to one decimal place Division Profit Margin Investment Turnover ROI Road Bike Division 9 Mountain Bike Division 3. It management desires a minimum acceptable rate of retur of 15%, determine the income for addition Residual Income Road Bike Division Mountain Bike Division 4. On the basis of operating income the Division is the more profitable of the two divisions. However, operating income the amount of invested assets in each division. On the basis of residual income, the Division is the more probable of the two di Previous Next >