High Country Foods Inc. is a diversified food products 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, 20Y7, are as follows:

	Breakfast Division		Bakery Division		Frozen Foods Division
Sales	$ 1,708,000		$ 1,500,000		$1,778,000
Cost of goods sold	1,040,000		930,000		1,050,000
Operating expenses	326,400		300,000		265,720
Invested assets	700,000		600,000		700,000

The management of High Country Foods Inc. 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 service department charges.

High Country Foods Inc. Divisional Income Statements For the Year Ended June 30, 20Y7

	Breakfast Division	Bakery Division	Frozen Foods Division
Net profitOffice expensesSales expensesSales		$	$
Cost of goods soldNet profitOperating expensesSales expenses
Administrative expensesCashGross profitNet profit	$	$	$
CashNet profitOperating expensesSales expenses
Operating income	$	$	$

2. Using the DuPont formula, compute the profit margin, investment turnover, and return on investment for each division.

Round answers to two decimal places.

	Profit Margin	Investment Turnover	ROI
Breakfast Division	%		%
Bakery Division	%		%
Frozen Foods Division	%