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R Co. has two divisions, Western and Eastern. Invested assets and a condensed income statement for each of the two divisions at year end June
R Co. has two divisions, Western and Eastern. Invested assets and a condensed income statement for each of the two divisions at year end June 30, 2015 are as follows: Prepare a condensed income statement for the past year for each division that includes income from operations Using the DuPont formula, determine the profit margin, investment turnover, and rate of return on investment for each division If management's minimum acceptable rate of return is 10 present, determine residual income for each division
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