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1. Prepare condensed divisional income statements for the year ended December 31,20Y, assuming that there were no support department allocations. turnover to two decimal places.
1. Prepare condensed divisional income statements for the year ended December 31,20Y, assuming that there were no support department allocations. turnover to two decimal places. \begin{tabular}{llll} Division & Profit Margin & Investment Turnover & ROI \\ \hline Business Division & % & \\ Consumer Division & & \end{tabular} 3. If management desires a minimum acceptable return on investment of 10%, determine the residual income for each division. \begin{tabular}{lc} & Residual Income \\ \hline Business Division & $ \\ Consumer Division & $ \end{tabular}
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