eBook Calculator Divisional Income Statements Final Questions In The Crunchy Granola Company is a diversified tood company that specializes in all natural toods. The company has three operating divisions organiz Condensed data taken from the records of the three divisions for the year ended June 30, 20Y7, are as tollows: Cereal Division $25,900,000 16,600,000 7,228,000 12,950,000 Snack Cake Division Retall Bakeries Divislon Cost of goods sold Operating expenses Invested assets $8,260,000 5,575,000 1,941,600 2,753,333 $9,900,000 6,720,000 2,487,000 3,960,000 The management of The Crunchy Granola Company is evaluating each division as a basis for planning a future expansion of operations. Required: 1. Prepare 2. Using the DuPont formula for oondensed dlivisional income statements tor the three divisions, assuming that there were no service department charges compute the proft maroin,inestment turnover, and return on investment for each dviso If required, round your final answers to one decimal place 3. If available funds permit the expansion of operations of only one division, which of the divisions would you recommend for expansion, based parts (1) and (2)