wlli did o be in$-$ e to increase to meet the president's $.$ Wnican $5.$ If the Electronics Division were in an indu$$tly creased, how much would the investment turnover hav required $20\%$ return on investment? $($Round to one decimal place.$)$ PR $23-5$B Divisional performance analysis and evaluation The vice president of operations of Free Ride Bike Co two divisions organized as investment centers. Invested assets and condensed data for the past year for each division are as follows: Obj. $4$ mpany is evaluating the performance of income statement Bike $096$ Sales Cost of goods sold Operating expenses Invested assets Road Bike Division $$1,728,0001,380,000175,2001,440,000$ Mountain Bike Division $$1,760,0001,400,000236,800800,000$ ATE Instructions $1.$ Prepare condensed divisional income statements for the year ended December $31,2017,$ assuming that there were no service department charges. $2.$ Using the DuPont formula for return on investment, determine the profit margin, investment turnover, and return on investment for each division. $($Round percentages and the invest$-$ ment turnover to one decimal place.$)$ income for each division. termined in parts $($D$,(2),$ and $3).3.$ If management's minimum acceptable return on investment is $10\%,$ determine the residual $4.$ Discuss the evaluation of the two divisions, using the performance measures de$-$