MC Spr 2018 MANAGERIAL ACCOUNTING GROUP PROJECT Student Answer sheet format Layout References Mailings Review View A A Aa v x' A..va- --= :-v "-v NormalNo Spacing Heading 1 Heading 2 Titie Problem 8 The sales, income from operations, and invested assets for each division of Winston Company are as follows: Income from 4,000,000 $410,000 $3,500,000 2.250,000 750,0QD ZOOO000 nvested Sales Operations Assets Division C Division D Division E 500,000 600,000 4,000,000 Management has established a minimum rate of return for invested assets of 10%. (a) Determine the residual income for each division. PLACE ANSWER HERE (b) (b) Based on residual income, which of the divisions is the most profitable? PLACE ANSWER HERE