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The following information is provided for each Investment Center. Cameras Investment Center Income $ 5,950,000 2,171,000 1,100,000 Phones Computers Average Assets $ 25,100,000 16,700,000 12,000,000
The following information is provided for each Investment Center. Cameras Investment Center Income $ 5,950,000 2,171,000 1,100,000 Phones Computers Average Assets $ 25,100,000 16,700,000 12,000,000 Assume a target income of 13% of average assets. Compute residual income for each center. (Enter losses with a minus sign.) Target Income Targeted return Target income Residual Income Residual income (loss) Cameras Cameras % Phones Phones % Computers Computers %
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