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Business, 11.05.2020 08:57 lin550

The operating income and the amount of invested assets in each division of Conley Industries are as follows: Operating income Invested Assets Retail Division $180,400 $820,000 Commercial Division 81,700 430,000 Internet Division 83,200 320,000 Assume that management has established a 12% minimum acceptable return for invested assets. a. Determine the residual income for each division. Retail Division Commercial Division Internet Division Operating income $180,400 $81,700 $83,200 Minimum acceptable operating income as a percent of invested assets Residual income $ $ $ b. Which division has the most residual income?

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