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The following information is provided for each division. Investment Center Cameras and camcorders Phones and communications Computers and accessories Net Income $6,950,000 Average Assets $
The following information is provided for each division. Investment Center Cameras and camcorders Phones and communications Computers and accessories Net Income $6,950,000 Average Assets $ 25,400,000 2,226,000 15,900,000 1,150,000 12,800,000 Assume a target income of 14% of average invested assets. Required: Compute residual income for each division. (Enter losses with a minus sign.) Target Income Targeted return Cameras and Camcorders Phones and Communications Computers and Accessories Target income Residual Income Cameras and Camcorders Residual income (loss) % Phones and Communications % Computers and Accessories %
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