The condensed income statement for the International Division of Valgenti Inc. is as follows (assuming no service department charges): Sales Cost of goods sold Gross profit Administrative expenses Operating income $1,236,000 556,200 $679,800 370,800 $309,000 The manager of the International 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 International Division, assuming that $2,060,000 of assets have been invested in the International Division. Round investment turnover to one decimal place. Profit margin: Investment turnover: % Rate of return on investment: % b. If expenses could be reduced by $61,800 without decreasing sales, what would be the impact on the profit margin, investment turnover, and return on investment for the International Division? Round investment turnover to one decimal place. Profit margin: Investment turnover: Rate of return on investment: % %