=+ Divisional income statements and rate of return on investment analysis Hi-Growth Investments Inc. is a diversified
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Divisional income statements and rate of return on investment analysis Hi-Growth Investments Inc. is a diversified investment company with three operating divisions organized as investment centers. Condensed data taken from the records ofthe three divisions for the year ended June 30, 2008, are as follows:
Electronic Investment Retail Brokerage Banking Division Division Division Fee revenue $1,250,000 $750,000 $1,500,000 Operating expenses 750,000 682,500 1,170,000 Invested assets 3,125,000 250,000 2,000,000 The management ofHi-Growth Investments Inc. is evaluating each division as a basis for planning a future expansion of operations.
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