Investment Center Net Income Average Assets Cameras and camcorders $ 5,600,000 $ 24,200,000 Phones a
Investment Center Net Income Average Assets Cameras and camcorders $ 5,600,000 $ 24,200,000 Phones and communications 2,590,000 18,500,000 Computers and accessories 1,150,000 19,200,000
Assume a target income of 14% of average invested assets.
Required:
What is the residual income for each division? (Enter losses with a minus sign.) Target Income Cameras and Camcorders Phones and Communications Computers and Accessories Targeted return Target income Residual Income Cameras and Camcorders Phones and Communications Computers and Accessories Residual income (loss)
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