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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 Income $
Required information [The following information applies to the questions displayed below.] The following information is provided for each Investment Center. Investment Center Cameras Income $ 6,800,000 Average Assets $ 23,300,000 Phones Computers 1,862,000 1,200,000 13,300,000 11,200,000 Assume a target income of 14% of average assets. Compute residual income for each center. (Enter losses with a minus sign.) Target Income Targeted return Target income Residual Income Residual income (loss) Cameras Cameras % Phones Phones % Computers % Computers
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