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The following information is provided for each division. Investment Center Net Income Average Assets Cameras and camcorders $ 5,100,000 $ 21,200,000 Phones and communications 2,982,000
The following information is provided for each division. Investment Center Net Income Average Assets Cameras and camcorders $ 5,100,000 $ 21,200,000 Phones and communications 2,982,000 21,300,000 Computers and accessories 800,000 15,400,000 Assume a target income of 14% of average invested assets. Required: Compute residual income for each division. (Enter losses with a minus sign.)
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