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 $5,185,500 $984,100 $4,178,700 Summer Sports $8,021,900 $1,532,100 $5,997.100 tronZee Sports management has targeted a 9% 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. Net Sales Profit Margin Ratio (%) Division Operating Income Winter Sports Summer Sports 2. Compute each divisions' assets turnover ratio. Net Sales 1 Average Total Assets = Asset Turnover Ratio Division Winter Sports / Summer Sports 7 11 3. Calculate the ROI using the above figures. ROI (%) Division Profit Margin Ratio (%) X Asset Turnover Ratio = Winter Sports X Summer Sports X 4. Compute each divisions RI. Division Operating Income (Target rate of return (%) Average total Assets) RI Winter Sports Summer Sports X