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General Electric, has two divisions, X and Y. lavested assets and condensed income statement data for each division for the year ended December 31, are
General Electric, has two divisions, X and Y. lavested assets and condensed income statement data for each division for the year ended December 31, are as follows: Division X Division Y Revenues $ 224,800 $ 194,845 Operating expenses $ 45,830 $ 37,418 ule Service department charges $ 44,090 $ 46,365 Invested assets $ 374,650 $243,556 (a) Determine the operating income for Division X and Division Y. (b) Using the DuPont formula, determine the profit margin, investment turnover, and rate of return on investment for each division. Round the profit margin percentage to two decimal places and investment tumover to four decimal places
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