Return on Investment (ROI). The segmented income statements presented as follows are for the two divisions of Franklin Bikes. (This is the same company as the previous exercise. This exercise can be assigned independently.) Assume the Road Bikes division had average operating assets totalin $4,500,000 for the year, and the Mountain Bikes division had average operating assets of $800,000. Calculate ROI for each division. 3 L Franklin Bikes Segmented Income Statements for the Current Fiscal Year Ended December 31 (dollar amounts are in thousands) Road Bikes Division Mountain Bikes Division Sales Cost of goods sold Gross margin Allocated overhead Selling and administrative expenses Operating income Income tax expense (30% rate) Net income $ 1,500,000 800,000 $ 700,000 150,000 100,000 $ 450,000 135,000 $ 315,000 $ 500,000 215,000 $ 285,000 115,000 75,000 $ 95,000 28,500 $ 66,500