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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 $ 6,550,000 Phones Computers 1,989,000 900,000 Average Assets $ 27,500,000 15,300,000 19,200,000 Assume a target income of 13% of average assets. Compute residual income for each center. (Enter losses with a minus sign.) Target Income Cameras Targeted return Target income Residual Income Cameras Residual income (loss) % Phones Phones % Computers Computers %
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