sework (Chapter 24) eBook Determining Missing Items in Return Computation 0 One item is omitted from each of the following computations of the return on investment: Rate of Return on Investment - Profit Margin x Investment Turnover 1796 10% X (a) (b) 12 % 0.75 24 % (c) 1.5 10% 20 % X (d) X X e) 15 % X 1.4 Determine the missing items identified by the letters as shown above. If required, round your answers to two decimal places (a) (6) (c) % (d) (e) % (Chapter 24) cock Show Me How Pront Margin, Investment Turnover, and return on investment The condensed income statement for the Consumer Products Division of Forgo Industries Inc. is as follows (assuming no service department charges Sales $740,000 Cost of goods sold 333,000 Gross profit $407,000 Administrative expenses 299,000 Income from operations $140,000 The manager of the Consumer Products Division is considering ways to increase the return on investment a. Using the DuPont formula for return on investment, determine the profit margin, investment tumover, and return on investment of the Consumer Products Division, assuming that $1,250,000 of assets have been invested in the Consumer Products Division. Round the investment turnover to one decimal place Profit margin Investment turnover Rate of return on investment b. expenses could be reduced by 537,000 without decreasing sales, what would be the impact on the profit margin, investment turnover, and return on investment for the Consumer Products Division Round the investment turnover to one decimal place, Profit margin Investment turnover Rate of retum on investment