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 $96,900 $510,000 Commercial Division 105,400 620.000 Internet Division 36,000 240,000 Assume that management has established a 12 minimum acceptable return for invested assets a. Determine the residual income for each division Retail Division 596.900 Commercial Division $105.400 Internet Division $36.000 Operating income Minimum acceptable operating income as a percent of invested assets 101 Residual income b. Which division has the most residual income? Retail Division