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1. Prepare condensed divisional income statements for the year ended December 31,20Y7, assuming that there were no service department cost allocations. Feedback Check My Work

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1. Prepare condensed divisional income statements for the year ended December 31,20Y7, assuming that there were no service department cost allocations. Feedback Check My Work 3. Multiply 13% by the invested assets; then subtract the minimum acceptable income from income from operations. 4. Compare the results for the two divisions. Consider the components of the ratios

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