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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.

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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. \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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