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 $81,700 $430,000 Commercial Division 72,600 330,000 Internet Division 165,600 720,000 Assume that management has established a 12% minimum acceptable return for invested assets. a. Determine the residual income for each division. Retail Division Commercial Division Internet Division Operating income $81,700 $72,600 $165,600 Minimum acceptable operating income as a percent of invested assets Residual income $ b. Which division has the most residual income? Internet Division Feedback Check My Work a. Subtract the minimum acceptable operating income as a percent of invested assets from operating income. Previous Next Check My Work Save and Exit Email Instructor Submit Assignment for Gradine