The Crunchy Granola Company is a diversified food company that specializes in all natural foods. The company has three operating divisions organized as investment centers. Condensed data taken from the records of the three divisions for the year ended June 30, 2016, are as follows: Cereal Division Snack Cake Division Retail Bakeries Division Sales Cost of goods sold Operating expenses Invested assets $27,500,000 16,690,000 8,610,000 9,166,667 $8,020,000 5,595,000 1,703,200 2,673,333 $9,650,000 6,710,000 2,457,500 3,216,667 The management of The Crunchy Granola Company is evaluating each division as a basis for planning a future expansion of operations