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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.)
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