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Piranha Inc. provided the following information for its manufacturing division: Revenues $675,000 Operating expenses 402,000 Service department charges 93,900 Invested assets 570,000 Assume that Piranha

Piranha Inc. provided the following information for its manufacturing division: Revenues $675,000 Operating expenses 402,000 Service department charges 93,900 Invested assets 570,000 Assume that Piranha Inc. has established 18% as the minimum acceptable return on divisional assets. Determine the residual income for the manufacturing division.  

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