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! Required information [The following information applies to the questions displayed below.] The following information is provided for each Investment Center. Investment Center Cameras Phones
! Required information [The following information applies to the questions displayed below.] The following information is provided for each Investment Center. Investment Center Cameras Phones Computers Income $ 4,850,000 2,628,000 1,150,000 Average Assets $ 28,100,000 21,900,000 19,800,000 Assume a target income of 12% of average assets. Compute residual income for each center. (Enter losses with a minus sign.) Target Income Cameras Phones Computers % % % Targeted return Target income Residual Income Cameras Phones Computers Residual income (loss)
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