Residual Income The operating income and the amount of invested assets in each division of Conley Industries are as follows: Operating Income Invested Assets Retail Division $9,600,000 $40,000,000 Commercial Division 12,100,000 55,000,000 Internet Division 6,480,000 36,000,000 Assume that management has established a 15% minimum acceptable return for invested assets. a. Determine the residual income for each division. Operating income Retail Division $9,600,000 X Commercial Division $12,100,000 Internet Division $6,480,000 Minimum acceptable operating income as a percent of invested assets Residual income b. Which division has the most residual income? Feedhad