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The following information is provided for each Investment Center. Investment Center Cameras Phones Computers Income $ 6,450,000 1,908,000 850,000 Average Assets $ 29,300,000 15,900,000
The following information is provided for each Investment Center. Investment Center Cameras Phones Computers Income $ 6,450,000 1,908,000 850,000 Average Assets $ 29,300,000 15,900,000 10,600,000 Compute return on investment for each investment center. Which center performed the best based on return on investment? Income Less: Target income Residual income (loss) Cameras Phones Computers $ 6,450,000 $ 1,908,000 $ 850,000 9,000 15,900,000 10,600,000 $ 12
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