Megamart. a retailer of consumer goods, provides the following information on two of its departments (each considered an investment center) Investment Center Electronics Sportingos Inco 534,000,000 $3,300.000 20,100,000 2.410.000 Average Invested Assets $17,400,000 33.400,000 Exercise 22-10 Computing return on investment and residual Income; investing decision LO A1 1 Compute return on investment for each department. Using retum on investment which department is most efficient at using assets to generate returns for the company? 2. Assume a target income level of 12% of average invested assets. Compute residual income for each department. Which department generated the most residual income for the company 3. Assume the Electronics department is presented with a new investment opportunity that will yield a 15% return on investment Should the new Investment opportunity be accepted Complete this question by entering your answers in the tabs below. Required Required 2 Required Compute return on investment for each department. Using return on investment, which department is most officient at using assets to generate returns for the company? Tenun on investment Chocis. Nerator Choos. Denominaton Return onvent Return on investment crones 0 Sporting Goods 0 With department and a wing us to rate return for the company Should the new investment opportunity be accepted? Complete this question by entering your answers in the Required 1 Required 2 Required 3 Assume a target Income level of 12% of average invested asset department generated the most residual income for the compan Sporting Goods Investment Center Electronics Net Income Target net income Residual income Which department is most efficient at using assets to generate returns for the company? Required 1 Investment Center Electronics Sporting goods Sales Income $34, 800,000 $3, 306,000 20, 100,000 2,412,000 Vers Invested AS $17, 400, 13,400, Exercise 22-10 Computing return on investment and re 1. Compute return on investment for each department. Using return on to generate returns for the company? 2. Assume a target income level of 12% of average invested assets. Cor generated the most residual income for the company? 3. Assume the Electronics department is presented with a new investm Should the new Investment opportunity be accepted? Complete this question by entering your answers in the tabs belo Required 1 Required 2 Required 3 Assume the Electronics department is presented with a new Investment op investment. Should the new investment opportunity be accepted? Should the new investment opportunity be accepted?