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Information for a company's investment centers follows. Investment Center Mobile devices Customer support Income $ 309,400 223,600 Enter answers in the tabs below. Required 1
Information for a company's investment centers follows. Investment Center Mobile devices Customer support Income $ 309,400 223,600 Enter answers in the tabs below. Required 1 Required 2 Required 3 Income Sales $ 3,739,000 1,789,000 Assuming a target income of 10% of average assets, compute each center's residual income and determine which generated the higher residual income. Investment Center Residual income Which center generated the higher residual income? Average Assets $ 1,700,000 1,300,000 $ Mobile devices 309,400 $ Customer support Required 2 223,600
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