S 22-10 Computing residual income LO A1 The following information is provided for each division. Investment Center Cameras and camcorders Phones and communications Computers and accessories Net Income $6,300,000 1,989,000 850,000 Average Assets $23,000,000 15,300,000 18,000,000 Assume a target income of 13% of average invested assets. Required: Compute residual income for each division. (Enter losses with a minus sign.) Target Income Cameras and Camcorders Phones and Communications Computers and Accessories Targeted return % Target income Residual Income Cameras and Camcorders Phones and Communications Residual income (loss) % Computers and Accessories 96 %