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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

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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 $173,800 $790,000 Commercial Division 140,000 560,000 Internet Division 67,600 260,000 Assume that management has established a 10% minimum acceptable return for invested assets a. Determine the residual income for each division, Commercial Division Internet Division Retall Division $173,800 $140,000 $67,600 Operating income Minimum acceptable operating income as a percent of invested assets Residual income b. Which division has the most residual income

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