Return on investment The operating income and the amount of invested assets in each division of Conley Industries are as follows: Operating Income Invested Assets Retail Division $9,600,000 $40,000,000 Commercial Division 12,100,000 55,000,000 Internet Division 6,480,000 36,000,000 a. Compute the return on investment for each division. Percent Division Retail Division % Commercial Division % Internet Division % Residual Income The operating income and the amount of invested assets in each division of Conley Industries are as follows: Invested Assets Retail Division Operating Income $9,600,000 12,100,000 6,480,000 Commercial Division $40,000,000 55,000,000 36,000,000 Internet Division Assume that management has established a 15% minimum acceptable return for invested assets. a. Determine the residual income for each division. Retail Division Commercial Division Internet Division Operating income $9,600,000 $12,100,000 $6,480,000 Minimum acceptable operating income as a percent of invested assets Residual income