E.F. Lynch Company is a diversified investment company with three operating divisions organized as investment centers. Condensed data taken from the records of the three divisions for the year ended June 30, 20Y8, are as follows: Fee revenue Operating expenses Invested assets Electronic Investment Mutual Fund Division Brokerage Division Banking Division $1,310,000 $1,370,000 $1,330,000 705,200 4,800,000 578,000 4,000,000 1,006,000 2,700,000 The management of E.F. Lynch Company is evaluating each division as a basis for planning a future expansion of operations. > Required: 1. Prepare condensed divisional income statements for the three divisions, assuming that there were no support department allocations. E.F. Lynch Company Divisional Income Statements For the Year Ended June 30, 2018 Mutual Electronic Investment Fund Brokerage Banking Division Division Division Line Item Description Fee revenue $ Operating expenses Operating income Feedback $ Check My Work 1. For each division, subtract operating expenses from fee revenue. 2. Using the DuPont formula for return on investment, compute the profit margin, investment turnover, and return on investment for each division. Round your answers to one decimal place. Division Profit Margin Investment Turnover Mutual Fund Division % Electronic Brokerage Division % Investment Banking Division % ROI % % %