Profit Margin, Investment Turnover, and Return on InvestmentThe condensed income statement for the Consumer Products Division of Hydra Industries Inc. is as follows $($assuming no support department allocations$)$:Line Item DescriptionAmountSales$$1,172,000$Cost of goods sold$(527,400)$Gross profit$$644,600$Administrative expenses$(410,200)$Operating income$$234,400$The manager of the Consumer Products Division is considering ways to increase the return on investment.This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.Open spreadsheeta. $$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 $$2,930,000$ of assets have been invested in the Consumer Products Division. Round the investment turnover to one decimal place.Line Item DescriptionAnswerProfit marginfill in the blank $2\%$Investment turnoverfill in the blank $3$Return on investmentfill in the blank $4\%$b$.$If expenses could be reduced by $$58,600$ 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.Line Item DescriptionAnswerProfit marginfill in the blank $5\%$Investment turnoverfill in the blank $6$Return on investmentfill in the blank $7\%$