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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 Computers
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 $ 5,950,000 2,220,000 800,000 Average Assets $ 22,700,000 18,500,000 17,000,000 Assume a target income of 12% of average assets. Compute residual income for each center. (Enter losses with a minus sign.) Computers Phones Cameras % Target Income % % Computers Phones Targeted return Target income Residual Income Cameras Residual income (loss)
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