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Required information [The following information applies to the questions displayed below] Megamart, a retailer of consumer goods, provides the following information on two of its
Required information [The following information applies to the questions displayed below] Megamart, a retailer of consumer goods, provides the following information on two of its departments (each considered an investment center). Average Invested Asset3 Investment Center Electronics Sporting goods Sales Income $32, 600,000 $2, 771,000 $16, 300,000 15, 744,000 1,96,000 12,300,000 Complete this question by entering your answers in the tabs below. Required 1Required 2Required 3 Assume a target income level of 12% of average invested assets. Compute residual income for each department. Which department generated the most residual income for the company? Investment Center Electronics Sporting Goods Net income Target net income Residual income Which department is most efficient at using assets to generate returns for the company
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