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Gettieral Electric has two divisions, X and Y. Invested assets and condensed income statement data for each division for the year ended December 31 are
Gettieral Electric has two divisions, X and Y. Invested assets and condensed income statement data for each division for the year ended December 31 are as follows Division XDivision Y Revenues $ 224,800 \$194.845 Operating expenses 45,830 \$37.4 Service department charges 44,090 \$46.365 Invested assets $ 374,650 243,556 ( ) Determine the operating income for Division X and Division Y ( b) the DuPont formula determine the profit margin investment turnover , and rate of retum 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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