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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 $6,400,000 2,702,000 1,100,000 Average
The following information is provided for each division. Investment Center Cameras and camcorders Phones and communications Computers and accessories Net Income $6,400,000 2,702,000 1,100,000 Average Assets $ 24,500,000 19,300,000 20,000,000 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 Cameras and Camcorders Phones and Communications Computers and Accessories % % % Targeted return Target income Residual Income Cameras and Camcorders Phones and Communications Computers and Accessories Residual income (loss)
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