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Residual income The operating income and the amount of invested assets in each division of Stewart Industries are as follows: Operating Income Invested Assets Retail

Residual income The operating income and the amount of invested assets in each division of Stewart Industries are as follows: Operating Income Invested Assets Retail Division $11,700,000 $45,000,000 Commercial Division 12,600,000 63,000,000 Data Analytics Division 1,920,000 12,000,000 Assume that management has established a 12% minimum acceptable return for invested assets. a. Determine the residual income for each division. Line Item Description Retail Division Commercial Division Data Analytics Division Operating income $11,700,000 $12,600,000 $1,920,000 Minimum amount of operating income fill in the blank 1 fill in the blank 2 fill in the blank 3 Residual income $fill in the blank 4 $fill in the blank 5 $fill in the blank 6 b. Which division has the most residual income?

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