Residual income The operating income and the amount of invested assets in each division of Conley Industries are as Operating income Invested Assets Retail Division $156,000 $780,000 Commercial Division 170,200 740,000 Internet Division 440,000 000'99 Assume that management has established a 10% minimum acceptable return for invested asset a. Determine the residual income for each division Internet Division 810 18 $66,000 3 Operating income Minimum acceptable operating income as a percent of invested assets UU a al ll II WS lllll Residual income Il b. Which division has the most residual income