Mutual Fund Electronic Brokerage Investment Banking Division Division Division Fee revenue $1,800,000 $1,880,000 $1,770,000 Operating 876,000 791,000 1.251,600 expenses Invested assets 6,600,000 5,500,000 3,600,000 The management of Er. Lynch Company is evaluating each division as a basis for planning a future expansion of operations, Requiredi 1. Prepare condensed divisional income statements for the three divisions, assuming that there were no service department charges E.F. Lynch Company Divisional Income Statements For the Year Ended June 30, 2018 Mutual Fund Division Electronic Brokerage Division Investment Banking Division Fee revenue Operating expenses Income from operations 2. Using the DuPont formula for return on investment, compute the profit margin, investment turnover, and return on investment for each division. Round your answers to one decimal place. Division Profit Margin Investment Turnover ROI Mutual Fund Division Electronic Brokerage Division Investment Banking Division % Next >