please solve these problems and make it very clear and understandable. Answer all of them.

2:04 AM Sat Jul 18 '5' 68%E} [I] AA 0 v2.cengagenow.com C, ['1'] + Apple Bing Google Yahoo Favorites Thesymbol...f SparkNotes Critical Essa...Champaign Favorites Ch. 24: Homework ' .' Divisional Performance Analysis and Evaluation The vice president of operations of Recycling Industries is evaluating the performance of two divisions organized as investment centers. Invested assets and condensed income statement data for the past year for each division are as follows: Business Division Consumer Division Sales $42,800,000 $56,000,000 Cost of goods sold 23,500,000 30,500,000 Operating expenses 11,424,800 14,300,000 Invested assets 34,240,000 70,000,000 Required: 1. Prepare condensed divisional income statements for the year ended December 31, 20Y8, assuming that there were no support department allocations. Recycling Industries Divisional Income Statements For the Year Ended December 31, ZOYB Business Division Consumer Division Sales 3|: #2 Cost of goods sold [:] [:l Gross prot D $:] Operating expenses [:] l: Operating income D $:] 2. Using the DuPont formula for return on investment, determine the prot margin, investment turnover, and return on investment for each division. Round percentages to one decimal place and the investment turnover to two decimal places. Division Prot Margin Investment Turnover ROI Business Division [:| % [:] [j % Consumer Division [:| \"lo [:] [j % 3. If management desires a minimum acceptable return on investment of 10%, determine the residual income for each division. Residual Income Business Division : Consumer Division $E 4. On the basis of operating income, the V Division is the more protable of the two divisions. However, operating income V consider the amount of invested assets in each division. On the basis of residual income, the V Division is the more protable of the two divisions. {Check My Work 5 more Check My Work uses remaining. ( Previous Next) ' Assignment Score: 20% _ Save and Exit I Submit Assignment for Grading __ 2:07 AM Sat Jul 18 '5' 67%E}