Investment Center	Net Income				Average Assets
Cameras and camcorders	$	6,450,000			$	29,000,000
Phones and communications		2,982,000				21,300,000
Computers and accessories		1,050,000				17,400,000

Assume a target income of 14% of average invested assets.

Required:
Compute residual income for each division. (Enter losses with a minus sign.)
  

Answer rating: 100% (QA)

To calculate the residual income for each division we need to subtract the target income fr... View the full answer