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Investment Center Net Income Average Assets Cameras and camcorders $ 6,450,000 $ 29,000,000 Phones and communications 2,982,000 21,300,000 Computers and accessories 1,050,000 17,400,000 Assume a
| Investment Center | Net Income | Average Assets | |||||
| Cameras and camcorders | $ | 6,450,000 | $ | 29,000,000 | |||
| Phones and communications | 2,982,000 | 21,300,000 | |||||
| Computers and accessories | 1,050,000 | 17,400,000 | |||||
Assume a target income of 14% of average invested assets. Required: Compute residual income for each division. (Enter losses with a minus sign.
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