Instructions The Crunchy Granola Company is a diversified food company that species in al natural foods. The company has three operating divisions organized as mesment centers Condensed data taken from the records of the three divisions for the year ended June 30, 2016, are as follows: Sales Cost of goods sold Operating expenses Cereal Division $27,500,000 16.690,000 8,610.000 9,186,667 Snack Cake Division Retail Bakeries Division $8,020,000 59.660,000 5,595,000 6.710,000 1,703,200 2.457.500 2,673,333 3.216.667 Invested assets The management of The Crunchy Granola Company is evaluating each division as a basis for planning ature expansion of operations Required: 1. Prepare condensed divisional income statements for the three divisions, assuming that there were no service detech 2. Using the DuPont formule for at se on investment compute the role mais vestment move and rate of return on investment for each division. If required, round your final answer to one decimal place 3. If available funds permit the expansion of operations of only one division, which of the divisions would you recommend for expansion LA VISIILI MILO Shoes 1. Prepare condensed divisional income statements for the three divisions, assuming that there were no service department changes THE CRUNCHY GRANOLA COMPANY Divisional Income Statements For the Year Ended June 30, 2016 Cereal Snack Cake Division Retail Bakeries Division Division 2 Sales 3 Cost of goods sold 4 Gross profit 5 Operating expenses Income from operations Final Questions 2. Using the DuPont formula for rate of return on investment, compute the profit margin investment furnover and rate of return on investment for each division. If required, round your answer to one decimal place. Division Profit Margin Investment Turnover ROI Cereal Snack Cake Check My Work 3 more Check My Work uses remaining. Submit Assi Email Instructor All work saved. 4 Gross profit Operating expenses Income from operations Final Questions 2. Using the DuPont formula for rate of return on investment compute the profit margin investment fumower and rate of return on investment for each division. If required, round your final answer to one decimal place. Division Profit Margin Investment Turnover ROI Cereal % Snack Cake * Retail Bakeries % 3. If available funds permit the expansion of operations of only one division, which of the divisions would you recommend for expansion? O Cereal O Snack Cake O Retail Bakery ( Previous Check My Work 3 more Check My Work uses remaining. Email instructor Submit Assignment fo All work saved. E o