I need help with finding the ROI.

+ w.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook follows: Electronic Investment Mutual Fund Brokerage Banking Division Division Division Fee revenue $2,130,000 $2,220,000 $2,160,000 Operating expenses 1,147,200 933,000 1,632,000 Invested assets 7,800,000 6,500,000 4,400,000 The management of E.F. Lynch Company is evaluating each division as a basis for planning a future expansion of operations. Required: 1. Prepare condensed divisional income statements for the three divisions, assuming that there were no support department allocations. E.F. Lynch Company Divisional Income Statements For the Year Ended June 30, 20Y8 Mutual Electronic Investment Fund Brokerage Banking Division Division Division Fee revenue 2,130,060 2,220.000 2,160,000 Operating expenses 1,147,200 933.000 V 1,632,000 Y Operating income 982,800 1,287,000 528,000 Feedback Check My Work 1. For each division, subtract operating expenses from fee revenue. 2. Using the DuPont formula for return on investment, compute the profit margin, investment turnover, and return on investment for each division. Rou Division Profit Margin Investment Turnover ROI Mutual Fund Division 46.1 0.3 126 X % Electronic Brokerage Division 58 7 % 0.3 Investment Banking Division 24.4 V 9% 0.5 32.2 X % 3. When faced with limited funds for expansion, management should consider an expansion of the Electronic Brokerage Division first. Feedback Check My Work