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help please. Thanks Bentz Co. has two divisions, A and B. Invested assets and condensed income statement data for each division for the year ended
help please. Thanks
Bentz Co. has two divisions, A and B. Invested assets and condensed income statement data for each division for the year ended December 31, are as follows: Division A Division B Revenues Operating expenses Service department charges Invested assets Required (a) Prepare condensed income statements for the past year for each division. (b) Using the DuPont formula, determine the profit margin, investment turnover $190,000 $125,500 112,500 92,750 12,625 99,000 29,500 225,000 and rate of return on investment for each division. Round the profit margin percentage to two decimal places and investment turnover to four decimal placesStep by Step Solution
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