Residual Income The operating income and the amount of invested assets in each division of Conley Industries are as follows: Invested Assets Retail Division $40,000,000 Operating Income $9,600,000 12,100,000 6,480,000 Commercial Division 55,000,000 Internet Division 36,000,000 Assume that management has established a 15% minimum acceptable return for invested assets. a. Determine the residual income for each division. Retail Division Commercial Division Internet Division Operating income $9,600,000 $12,100,000 $6,480,000 Minimum acceptable operating income as a percent of invested assets 40,000,000 X 55,000,000 X 36,000,000 X Residual income $ 3,600,000 $ 3,850,000 $ 1,080,000 b. Which division has the most residual income? Commercial Division