IronZee Sports makes road bikes, mountain bikes, triathlon bikes, snow shoes, downhill skis, and cross country skis. The company split its operations into two divisions: summer sports and winter sports. The information for the past year is as follows: Net Sales Operating Income Average Total Assets Winter Sports $5,299,500 $985,100 Summer Sports $8,153,000 $1,617,700 $4,004,300 $6,065,700 IronZee Sports management has targeted a 17% rate of return. (Round your answers to two decimal places when needed and use rounded answers for all future calculations). 1. Calculate each divisions' profit margin ratio. Division Operating Income / Net Sales Profit Margin Ratio (%) Winter Sports Summer Sports 2. Compute each divisions' assets turnover ratio. Division Winter Sports Net Sales / Average Total Assets = Asset Turnover Ratio = Summer Sports 3. Calculate the ROI using the above figures. Division Profit Margin Ratio (%) X Asset Turnover Ratio = ROI (%) Winter Sports Summer Sports 4. Compute each divisions' RI. Division Operating Income Winter Sports Summer Sports (Target rate of return (%) Average total Assets) = RI