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please help!! Residual Income The income from operations and the amount of invested assets in each division of Shiner Industries are as follows: Income from

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Residual Income The income from operations and the amount of invested assets in each division of Shiner Industries are as follows: Income from Invested Operations Assets Retail Division $94,500 $450,000 Commercial Division 129,600 540,000 Internet Division 44,200 260,000 Assume that management has established an 12% minimum acceptable return for invested assets. a. Determine the residual income for each division Retail Division Commercial Division Internet Division Income from operations $94,500 $129,600 $44,200 Minimum amount of income from operations Residual income b. Which division has the most residual income? Commercial Division

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