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Operating Profit Margin, Asset Turnover, and Return on Investment (ROI). Financial information for Amador Sports, Inc., for the most recent fiscal year appears as follows. All dollar amounts are in thousands.

Required:

1. Calculate average operating assets for each division. (Hint: land held for sale is not an operating asset.)

2. Calculate operating profit margin, asset turnover, and return on investment for each division.

3. What does this information tell us about each division?

Amador Sports, Inc Segmented Income Statements for the Current Fiscal Year (dollar amounts are in thousands) Football Division Basketball Division $ 10.000 3.200 5 6.800 1.500 Sales Cost of goods sold Gross margin Allocated overhead from corporate Selling and administrative expenses Operating income Income tax expense (30 rate) Net income $30,000 11.000 519.000 4500 11,000 1,050 $ 2450 Amador Sports, Inc. Segmented Balance Sheets Average Balances at End of Most Recent Fiscal Year Idollar amounts are in thousandu) Assets Cash Accounts receivable Inventory Total current assets Property, plant and equipment net Landheld for sale Total assets Basketball Division Ending Beginning Balance Balance $ 1.020 700 750 1,700 1.650 5 1420 4,000 3.850 2,000 2,000 59,350 59.270 Football Division Ending Beginning Balance Balance 5 2.200 $ 2,500 1850 1,600 2.800 2.500 5 73850 17.500 16,000 2.150 3,150 528500 $26.750 1,200 1.150 290 $ 1440 Liabilities and owners equity Accounts payable Other current liabilities Total current liabilities Long-term abilities Total liabilities Total Owners'equity Total liabilities and owner'equity 5 1.560 3400 1350 5 4.750 0 5 4.750 23.750 528 500 3,100 1.100 $ 4.200 0 $ 4.200 22.550 $26,750 5 1,560 7,790 $ 9,350 5 1440 7.830 $ 9.270