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 Commercial Division Internet Division $9,600,000 12,100,000 $40,000,000 55,000,000 6,480,000 36,000,000 a. Compute the return on investment for each division Division Percent Retail Division Commercial Division Internet Division b. Which division is the most profitable per dollar invested? 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 $9,600,000 $40,000,000 Commercial Division 12,100,000 55,000,000 Internet Division 6,480,000 36,000,000 Assume that management has established a 15% minimum acceptable return for invested assets. a. Determine the residual income for each division. Retail Division $9,600,000 Commercial Division $12,100,000 Internet Division $6,480,000 Operating income Minimum acceptable operating income as a percent of invested assets Residual income b. Which division has the most residual income? Previous Check My Work