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 $6,850,000 1,778,000 900,000 Average Assets $ 24,500,000 12,700,000 16,600,000 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 Average assets Targeted return Target income Residual Income Cameras and Camcorders Phones and Communications Computers and Accessories Target Income Cameras and Camcorders Phones and Communications Computers and Accessories Average assets Targeted return Target income Residual Income Cameras and Camcorders Phones and Communications Computers and Accessories Residual income (loss)