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The income from operations and the amount of invested assets in each division of Beck Industries are as follows: Income from Operations Invested Assets Retail

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The income from operations and the amount of invested assets in each division of Beck Industries are as follows: Income from Operations Invested Assets Retail Division Commercial Division Internet Division Assume that managment has established a 10% minimum acceptable return for invested assets. $170,100 77,400 130,900 $810,000 430,000 770,000 a. Determine the residual income for each division Retail Division Commercial Division Internet Division Income from operations Minimum acceptable income from operations as a percent of invested assets Residual income b. Which division has the most residual income? $170,100 $77,400 $130,900

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