The condensed income statement for the International Division of King Industries Inc. is as follows (assuming no service department charges): Sales $1,288,000 Cost of goods sold 579,600 Gross profit $708,400 Administrative expenses 450,800 Income from operations $257,600 The manager of the International Division is considering ways to increase the rate of return on investment. a. Using the DuPont formula for rate of return the International Division. Round the investment turnover to one decimal place. investment, determine the profit margin, investment turnover, and rate of return on investment of the International Division, assuming that $3,220,000 of assets have been invested in Profit margin Investment turnover Rate of return on investment b. If expenses could be reduced by $64,400 without decreasing sales, what would be the impact on the profit margin, investment turnover, and rate of return on investment for the International Division? Round the investment turnover to one decimal place. Profit margin Investment turnover Rate of return on investment