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Residual Income The income from operations and the amount of invested assets in each...

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Accounting

Residual Income
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 $70,400 $320,000
Commercial Division 84,000350,000
Internet Division 180,900670,000
Assume that management has established a 10% 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 $180,900
Minimum acceptable income from operations as a percent of invested assets fill in the blank 1
fill in the blank 2
fill in the blank 3
Residual income $fill in the blank 4
$fill in the blank 5
$fill in the blank 6
b. Which division has the most residual income?

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