Pierrette Portraits is expanding. Based on the return on investment (ROI), would you advise a new location to be a company-operated or franchised studio? 29. Green Mountain Retreats has both franchised and company-operated lodges. Financial data (in millions) for both segments are as follows: Revenues Expenses Invested assets Company- Operated Franchised $4,239 $1,401 3,252 8,123 491 903 Using the DuPont formula, determine the return on investment (ROI) for both segments. 30. Use the information shown that follows for both franchised and company-operated segments of a company to determine: a. The profit margin for company-operated and franchised restaurants. b. The investment turnover. c. The return on investment. Company-Operated Franchised Operating income $ 180,000 $200,000 Sales 500,000 250,000 Invested assets 1,500,000 250,000