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[The following information applies to the questions displayed below.] The following information is provided for each Investment Center. Investment Center Income Average Assets Cameras $
[The following information applies to the questions displayed below.] The following information is provided for each Investment Center. Investment Center Income Average Assets Cameras $ 6, 400,090 $ 24, 200, 000 Phones 2, 431, 000 18,700, 000 Computers 850,000 13, 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 Phones Computers Targeted return % % % Target income Residual Income Cameras Phones Computers Residual income (loss)
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