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Residual Income The operating income and the amount of invested assets in each division of Conley Industries are as follows: Retail Division Commercial Division Internet

Residual Income The operating income and the amount of invested assets in each division of Conley Industries are as follows: Retail Division Commercial Division Internet Division Operating income $81,400 96,000 116,100 Invested Assets $370,000 400,000 430,000 Assume that management has established a 12% minimum acceptable return for invested assets. a. Determine the residual income for each division. b. Which division has the most residual income

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