Answer Happy

The following information is provided for each division. Investment Center Cameras and camcorders Phones and communications Net Income Average Assets $5,350,000 $ 23,000,000 14,700,000 2,058,000 Computers and accessories 1,000,000 11,200,000 Assume a target income of 14% of average invested assets. Required: Compute residual income for each division. (Enter losses with a minus sign.) Target Income Cameras and Camcorders Phones and Communications Computers and Accessories Phones and Communications Targeted return Target income Residual Income Residual income (loss) Cameras and Camcorders % % Computers and Accessories %