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Answer is not complete. Complete this question by entering your answers in the tabs below. Assume a target income level of 12% of average invested
Answer is not complete. Complete this question by entering your answers in the tabs below. Assume a target income level of 12% of average invested assets. Compute residual income for each department. Which department generated the most residual income for the company? Required information [The following information applies to the questions displayed below.] Megamart, a retailer of consumer goods, provides the following information on two of its departments (each considered an investment center). Compute return on investment for each department. Using return on investment, which department is most efficient at using assets generate returns for the company? . Assume a target income level of 12% of average invested assets. Compute residual income for each department. Which departmen enerated the most residual income for the company? Assume the Electronics department is presented with a new investment opportunity that will yield a 15% return on investment. hould the new investment opportunity be accepted
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