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The following information is provided for each Investment Center. Investment Center Cameras Income $ 5,050,000 Average Assets $ 26,900,000 Phones 2,532,000 Computers 850,000 21,100,000
The following information is provided for each Investment Center. Investment Center Cameras Income $ 5,050,000 Average Assets $ 26,900,000 Phones 2,532,000 Computers 850,000 21,100,000 12,000,000 QS 22-13 (Algo) Computing residual income LO A1 Assume a target income of 12% of average assets. Compute residual income for each center. (Enter losses with a minus sign.) Target Income Cameras Targeted return % Target income Residual Income Cameras Residual income (loss) Phones Phones % Computers Computers %
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