Chap 9 Residual Income The income from operations and the amount of invested assets in each division of Beck Industries are as follows: Income from Operations Invested Assets Retail Division Commercial Division Internet Division Assume that management has established a 10% minimum acceptable return for invested assets. $118,000 138,000 81,600 $590,000 600,000 510,000 a. Determine the residual income for each division. Retail Division Income from operations Minimum acceptable income from operations as a percent of invested assets Residual income b. Which division has the most residual income? $118,000