Profit Margin, Investment Tumover, and Return on Investment The condensed income statement for the Consumer Products Division of Tri-State Industries Inc. is as follows (assuming no support department allocations): Sales Cost of goods sold Gross profit $1,074,000 (483,300) $590,700 (268,500) $322,200 Administrative expenses Operating income The manager of the Consumer Products Division is considering ways to increase the retum on investment. a. Using the DuPont formula for return on investment, determine the profit margin, investment turnover, and return on investment of the Consumer Products Division, assuming that $1,790,000 of assets have been invested in the Consumer Products Division, Round the investment turnover to one decimal place Profit margin Investment turnover Return on investment b. If expenses could be reduced by $53,700 without decreasing sales, what would be the impact on the profit margin, investment furnover, and return on investment for the Consumer Products Division? Round the investment turnover to one decimal place Profit margin Investment turnover Return on investment