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Investment Center Cameras and camcorders Phones and communications Computers and accessories Net Income $5,700,000 2,590,000 1,050,000 Average Assets $ 29,000,000 18,500,000 18,200,000 Assume a target
Investment Center Cameras and camcorders Phones and communications Computers and accessories Net Income $5,700,000 2,590,000 1,050,000 Average Assets $ 29,000,000 18,500,000 18,200,000 Assume a target income of 14% 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 Cameras and Camcorders Residual Income Phones and Communications Computers and Accessories Residual income (loss)
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