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[The following information applies to the questions displayed below.) The following information is provided for each Investment Center. Investment Center Cameras Phones Computers Income $
[The following information applies to the questions displayed below.) The following information is provided for each Investment Center. Investment Center Cameras Phones Computers Income $ 5,300,000 1,918,000 800,000 Average Assets $ 26,600,000 13,700,000 13,800,000 Assume a target income of 14% of average assets. Compute residual income for each center. (Enter losses with a minus sign.) Target Income Cameras Phones Computers % % % Targeted return Target income Residual Income Cameras Phones Computers Residual income (loss)
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