Profit margin, investment turnover, and return on investment

The condensed income statement for the Consumer Products Division of Hydra Industries Inc. is as follows $($assuming no support department allocations$)$:

Sales

Cost of goods sold

Gross profit

Administrative expenses

Operating income

$[$$$1,188,000],[(534,600)],[$$$653,400],[(415,800)],[$$$237,600]$

The manager of the Consumer Products Division is considering ways to increase the return 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 $$2,970,000$ 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 $$59,400$ without decreasing sales, what would be the impact on the profit margin, investment turnover, and return on investment for the Consumer Products Division? Round the investment turnover to one decimal place.

Profit margin

$\%$

Investment turnover

Return on investment