An investment center has sales of $30,000,000, income of $9,000,000, and average assets of $40,000,000. Assuming a target income of 12% of average assets, residual income is $4,200,000.

An investment center has sales of $30,000,000, income of $9,000,000, and average assets of $40,000,000. Assuming a target income of 12% of average assets, residual income is $4,200,000. True or False True False