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Investment Center Net Income Average Assets Cameras and camcorders $ 6,650,000 $ 26,600,000 Phones and communications 2,196,000 18,300,000 Computers and accessories 1,000,000 13,600,000 Assume a

Investment Center Net Income Average Assets
Cameras and camcorders $ 6,650,000 $ 26,600,000
Phones and communications 2,196,000 18,300,000
Computers and accessories 1,000,000 13,600,000

Assume a target income of 12% 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
Average assets $6,650,000
Targeted return 12%
Target income
Residual Income Cameras and Camcorders Phones and Communications Computers and Accessories
Net income
Less: Target income
Residual income (loss)

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