Residual Income The income from operations and the amount of invested assets in each division of Beck Industries are as follows: Income from Operations Invested Assets Retail Division $122,000 $610,000 Commercial Division 93,500 550,000 Internet Division 81,600 510,000 Assume that management has established a 8% minimum acceptable return for invested assets. a. Determine the residual income for each division. Retail Division Commercial Division Internet Division Income from operations $122,000 $93,500 $81,600 Minimum acceptable income from operations as a percent of invested assets :] X l: [:3 Residual income $[:] $| $l b. Which division has the most residual income? Retail Division ' \\/ Feedback V Check My Work a. Subtract the minimum acceptable income from operations as a percent of invested assets. b. Compare the results for the divisions. Learning Objective 4. ( Previous Check My Work