The vice president of operations of Free Rude Bke Company is evaluating the perforrmance of two divisions organized as inveatment centers, Invested assets and condensed income statement data for the past year for each division are as follows: 1. Prepare condensed divisional income statements for the year ended December 31, 20y7, assuming that there were no support department allocations: 2. Using the Dupont formuls for return on investment, determine the profit margin, investment turnovet, and rate of return on imvestment for each division. If require. round your answers to one decimal place. 3. If management desires a minimum acceptable rate of retum of 14%, determine the residual income for each division. 4. On the basis of operating income, the Division is the more proftable of the two divisions. Howevec, operating income consider the amount of invested assets in each division. On the basis of residual income, the Division is the more profitable of the two divisions