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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 $5,000,000 1,625, eee 950,
The following Information is provided for each division. Investment Center Cameras and camcorders Phones and communications Computers and accessories Net Income $5,000,000 1,625, eee 950, eee Average Assets $ 23,300,000 12,5ee, eee 11,600,000 Assume a target Income of 13% of average Invested assets. Required: Compute residual income for each division (Enter losses with a minus slgn.) 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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