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Test Sports Company makes snowboards, downhill skis, cross-country skis, skateboards, surfboards, and in-line skates. The company has found it beneficial to split operations into two

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Test Sports Company makes snowboards, downhill skis, cross-country skis, skateboards, surfboards, and in-line skates. The company has found it beneficial to split operations into two divisions based on the climate required for the sport Snow Sports and Non-Snow Sports. The following divisional information is available for the past year. Click the icon to view the information.) Read the requirements 1. Compute each division's sales margin. Interpret your results. (Enter the sales margin as a percent rounded to the nearest whole percent.) The Snow Sports division's sales marginis % The Non-Snow Sports division's sales margin is % Interpret your results. Based on the divisions' sales margins, we know that the sales margins the divisions had different ROI's. 2. Compute each division's capital turnover (round to two decimal places). Interpret your results. The Snow Sports division's capital turnover is times The Non-Snow Sports division's capital turnover is times Interpret your results Based on the divisions capital tumover rates, we know that the rates the divisions had different ROI's. 3. Use your answers to Question 2 along with your answers to Question 1 to recalculate Rol using the expanded formula Do your answers agree to the ROI calculations using the original formula and presented in the divisional information? (Enter the ROI as a percentage rounded to the nearest tenth of a percent, XX%). The Snow Sporta division's Rol using the expanded formula is % Sales Operating Income Total Assets Current Liabilities Snow Sports $ 5,100,000 $ 918,000 $ 4,600,000 $ 360,000 Non-Snow Sports $ 8,300,000 $ 1,494,000 $ 6,700,000 $ 610,000 Test's management has specified a target 17% rate of return

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