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

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The income from operations and the amount of invested assets in each division of Shiner Industries are as follows: Income from Invested Operations Assets Retail Division $70,400 $320,000 Commercial Division 84,000 420,000 Internet Division 76,500 450,000 Assume that management has established an 8% minimum acceptable return for invested assets. a. Determine the residual income for each division. Retail Division Commercial Division Internet Division Income from operations $70,400 $84,000 $76,500 Minimum amount of income from operations Residual income b. Which division has the most residual income

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