Calculating Residual Income Forchen, Inc., provided the following information for two of its divisions for ast year: Small Appliances Cleaning Products Division Division Sales $34,670,000 $31,320,000 2,773,600 1,252,800 Operating income Operating assets, January 1 Operating assets, December 31 5,600,000 6,394,000 7,474,000 6,000,000 Forchen, Inc., requires an 8 percent minimum rate of return. Required: Calculate residual income for the Small Appliances Division. $ 2. Calculate residual income for the Cleaning Products Division. $ 3. What if the minimum required rate of return was 9 percent? How would that affect the residual income of the two divisions? inio Home Tould be