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invested assets and condensed income statement data for each dividion for the year ended December...

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Accounting

invested assets and condensed income statement data for each dividion for the year ended December 31, are as follows: image
Apple Inc. has two divisions, X and Y. Invested assets and condensed income statement data for each division for follows: Division X Division Y $ 260,000 $132,300 Revenues $ 92,500 $ 84,750 Operating expenses S 31,800 $ 14,625 Service department charges $ 420,000 $ 141,000 Invested assets (a) Determine the operating income for Division X and Division Y. (b) Using the DuPont formula, determine the profit margin, investment turnover, and rate of return on investment for each division. Round the profit margin percentage to two decimal places and investment turnover to four decimal nlaces

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