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Required information Use the following information for the Quick Study below. (Algo) (The following information applies to the questions displayed below.) The following information is

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Required information Use the following information for the Quick Study below. (Algo) (The following information applies to the questions displayed below.) The following information is provided for each Investment Center. Investment Center Cameras Phones Computers Income $ 6,950,000 1,668,000 1,200,000 Average Assets $ 20,600,000 13,900,000 10,800,000 QS 24-13 (Algo) Computing residual income LO A1 Assume a target income of 12% of average assets. Compute residual income for each center. (Enter losses with a minus sign.) Cameras 6,950,000 $ Income Phones 1,668,000 $ Computers 1,200,000 Plus: Target income Residual income (loss)

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