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 $120,000 5640,000 Commercial Division 112,200 510,000 Internet Division 75,000 300,000 Assume that management has established a 12% minimum acceptable return for invested assets. a. Determine the residual income for each division Commercial Division Operating income Minimum acceptable operating income as a percent of invested assets Retail Division $128,000 Internet Division $75,000 $112,200 Residual income b. Which division has the most residual income? Retail Division Check My Wor a. Subtract the minimum acceptable operating income as a percent of invested assets from operating income b. Compare the results for the divisions. Check My Work Previous All work saved Email Instructor Save and Exit Submit Assignment for Grading