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A company's shipping division (an investment center) has sales of $2,430,000, net income of $486,000, and average invested assets of $2,250,000 Compute the Division's Profit Margin. Choose Numerator: Choose Denominator: = Profit Margin Profit margin Compute the Division's Investment Turnover. Choose Numerator: Choose Denominator - Investment Turnover Investment tumover Investment Center Cameras and camcorders Phones and communications Computers and accessories Net Income $4,850,000 2,385,000 1,150,000 Average Assets $ 29, 300,000 15,900,000 15,600,000 Assume a target income of 15% of average invested assets. Required: Compute 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) A company's shipping division (an investment center) has sales of $2,430,000, net income of $486,000, and average invested assets of $2,250,000 Compute the Division's Profit Margin. Choose Numerator: Choose Denominator: = Profit Margin Profit margin Compute the Division's Investment Turnover. Choose Numerator: Choose Denominator - Investment Turnover Investment tumover Investment Center Cameras and camcorders Phones and communications Computers and accessories Net Income $4,850,000 2,385,000 1,150,000 Average Assets $ 29, 300,000 15,900,000 15,600,000 Assume a target income of 15% of average invested assets. Required: Compute 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)