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Residual Income The Commercial Division of Galena Company has operating income of $47,300 and assets of $146,000. The minimum acceptable return on assets is 9%.

Residual Income The Commercial Division of Galena Company has operating income of $47,300 and assets of $146,000. The minimum acceptable return on assets is 9%. What is the residual income for the division? Feedback Check My Work Subtract the minimum acceptable operating income as a percent of invested assets from operating income. Minimum acceptable income is calculated by multiplying assets by the minimum acceptable rate of return on assetsimage text in transcribed

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