Effect of Proposals on Divisional Performance A condensed income statement for the Electronics Division of Gihbli Industries Inc. for the year ended December 31 is as follows: Sales $3,080,000 Cost of goods sold 1,990,000 Gross profit $ 1,090,000 Operating expenses 628,000 Income from operations $ 462,000 Invested assets $2,200,000 Assume that the Electronics Division received no cost allocations from service departments. The president of Gihbli Industries Inc. has indicated that the divisions return on