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Consider the following data from two divisions of a company, P and Q: ...

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Accounting

Consider the following data from two divisions of a company, P and Q:
Divisional P Q
Sales $ 1,700,000 $ 1,400,000
Operating Income $ 680,000 $ 700,000
Investment $ 3,230,000 $ 2,240,000
If the minimum rate of return is 12%, what is Division P's residual income (RI)?

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