QS 22-10 Computing residual Income LO A1 The following information is provided for each division. Investment Center Cameras and camcorders Phones and communications Computers and accessories Net Income $5,200,000 1,946,000 900,000 Average Assets $28,700,000 13,900,000 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 Phones and communications Computers and accessories 1,946, 000 900,000 13,900,000 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.) Computers and Target Income Cameras and Camcorders Phones and Communications Accessories % Targeted return Target income Residual Income Cameras and Camcorders Phones and Communications Computers and Accessories Residual income (loss)