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QUESTION 22 The sales, income from operations, and invested assets for each division of Wren Company are as follows: Income from Operations Invested Assets Sales

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QUESTION 22 The sales, income from operations, and invested assets for each division of Wren Company are as follows: Income from Operations Invested Assets Sales Division C $5,000,000 $630,000 $4,000,000 Division D 6,800,000 760,000 3,900,000 Division E 3,750,000 750,000 7,500,000 Management has established a minimum rate of return for invested assets of 10%. Do Not Use Commas or $ in Your Answers What is the Residual Income for Division C? What is the Residual Income for Division D? What is the Residual Income for Division E? Based on Residual Income, Division is the most profitable

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