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Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The following information is provided
Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The following information is provided for each Investment Center. Investment Center Cameras Phones Income $ 5,700,000 Average Assets $ 28,700,000 2,556,000 Computers 1,000,000 21,300,000 15,000,000 QS 9-13 (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 Computers % % % Phones Computers
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