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The vice president of operations of Recycling Industries is evaluating the performance of two divisions organized as imvestment centers. Invested assets and condensed income statement

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The vice president of operations of Recycling Industries is evaluating the performance of two divisions organized as imvestment centers. Invested assets and condensed income statement date for the past year for each division are as follows: 1. Prepare condensed divisional income statements for the yeat ended December 31,20y8, assuming that there were no support department allocations: 2. Using the DuPont formula for return on investment, determine the profit margin, investment turnover, and return on investment for each division, Round percentages to one decimal place and the investment turnover to two decimal places. 2. Using the DuPont formula for return on investment, determine the profit margin, imvestment turnover, and return on investment for each division. Round percentages to one decimat place and the investment turnover to two decimal places. 3. If management desires a minimum acceptable return on investment of 10%, determine the residual income for each division. 4. On the basis of operating income, the Division is the more profitable of the two divisions. However, operating income consider the amount of invested assets in eech division. On the basis of residual income, the. Division is the more profitable of the two divisions

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