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Please answer carefully. The operating income and the amount of invested assets in each division of Conley Industries are as follows: Operating income Invested Assets

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The operating income and the amount of invested assets in each division of Conley Industries are as follows: Operating income Invested Assets Retail Division $86,100 $410,000 Commercial Division 151,200 840,000 Internet Division 91,200 570,000 Assume that management has established a 12% minimum acceptable return for invested assets. a. Determine the residual income for each division. Retail Division Commercial Division Internet Division Operating income $86,100 $151,200 $91,200 Minimum acceptable operating income as a percent of invested assets Residual income b. Which division has the most residual income

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