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 Invested Assets $55,800 $310,000 66,000 330,000 143,000 650,000 Assume that management has established a 10% minimum acceptable return for invested assets. a. Determine the residual income for each division. Operating income Minimum acceptable operating income as a percent of invested assets Residual income b. Which division has the most residual income? Internet Division Retail Division $55,800 Commercial Division $66,000 Internet Division $143,000 Feedback Check My Work a. Subtract the minimum acceptable operating income as a percent of invested assets from operating income. b. Compare the results for the divisions