The Norse Division of Gridiron Concepts Inc. experienced significant revenue and profit growth from 20Y4 to 20Y6 as shown in the following divisional income statements:

There are no service department charges, and the division operates as an investment center that must maintain a 15% return on invested assets.
Determine the profit margin, investment turnover, and return on investment for the Norse Division for 20Y4-20Y6. Based on your calculations, write a brief memo to the president of Gridiron Concepts Inc., Knute Holz, evaluating the division's performance.

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Gridiron Concepts Inc. Divisional Income Statements, Norse Division For the Three Years Ended December 31, 20Y6 20Y4 20Y5 20Y6 Sales Cost of goods sold Gross profit Operating expenses Income from operations Invested assets $2,100,000 1064,000 1498,000 1,680,000 602,000 224,000 378,000 1,500,000 2,450,000 $1,470,000 $ 406,000 $ 220,500 770,000 231,000 539,000 $3,500,000 185,500 735,000