PDT CoHas Two Divisions, East and West ?
(A)Prepare Condensed Income Statements for the Past Year for Income

question 9

Essay

PDT Co.has two divisions, East and West.Invested assets and condensed income statement data for each division for the past year ended December 31 are as follows: $$\begin{array} { l r r } & \text { East Division } & \text { West Division } \\\text { Revenues } & \$ 1,200,000 & \$ 800,000 \\\text { Operating expenses } & 950,000 & 640,000 \\\text { Service department charges } & 145,000 & 72,000 \\\text { Invested assets } & 800,000 & 500,000\end{array}$$ ?
(a)Prepare condensed income statements for the past year for each division.
(b)Using the expanded expression, determine the profit margin, investment turnover, and rate of return on investment for each division.Round to one decimal place.

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