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The following information is provided for each division. Net Income Investment Center Cameras and camcorders Phones and communications Computers and accessories $ 5,550,000 2,295,000 1,050,000

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The following information is provided for each division. Net Income Investment Center Cameras and camcorders Phones and communications Computers and accessories $ 5,550,000 2,295,000 1,050,000 Average Assets $ 24,200,000 15,300,000 16,000,000 Assume a target income of 15% 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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