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Consider the following data from two divisions of a company, P and Q: Divisional Sales Operating Income Investment Q $1,100,000 $1,400,000 $ 550,000 $ 560,000

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Consider the following data from two divisions of a company, P and Q: Divisional Sales Operating Income Investment Q $1,100,000 $1,400,000 $ 550,000 $ 560,000 $1,320,000 $2,240,000 If the minimum rate of return is 11%, what is Division P's residual income (RI)

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