Chapter 9 question 8Mega mart, a retailer of consumer goods, provides the following information on two of its departments (each considered an investment center)Investment center sales income average invested assetElectronics $42,240,000 $3,168,000 $17,600,000Sporting goods $23,120,000 $2,312,000 $13,600,000There's a couple more fill in the blanks in the chart Sporting goods It's asking also if a target income level is 11% of average invested assets what is the net income, target net income and residual income for each department?

Check my work 1. Compute return on investment for each department. Using return on investment, which department is most efficient at using assets to generate returns for the company? 2. Assume a target income level of 11% of average invested assets. Compute residual income for each department. Which department generated the most residual income for the company? 3. Assume the Electronics department is presented with a new investment opportunity that will yield a 15% return on investment. Should the new investment opportunity be accepted? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute return on investment for each department. Using return on investment, which department is most efficient at using assets to generate returns for the company? Return on Investment Choose Numerator: / Choose Denominator: Return on Investment Return on Investment Electronics