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Residual incomeThe operating income and the amount of invested assets in each division of Stewart...

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Accounting

Residual incomeThe operating income and the amount of invested assets in each division of Stewart Industries are as follows: Operating IncomeInvested AssetsRetail Division$148,000 $740,000 Commercial Division81,400370,000 Data Analytics Division121,600760,000 Assume that management has established a 8% minimum acceptable return for invested assets.a. Determine the residual income for each division.Line Item DescriptionRetail DivisionCommercial DivisionData Analytics DivisionOperating income$148,000 $81,400 $121,600 Minimum amount of operating incomefill in the blank 1fill in the blank 2fill in the blank 3Residual income$fill in the blank 4$fill in the blank 5$fill in the blank 6b. Which division has the most residual income?

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