Use the following information for the Quick Study below. (Algo) [The following information applies to...
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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 for each Investment Center Investment Center Income Average Assets Cameras $ 4,700,000 $ 28,700,000 Phones 2,478,000 17,700,000 Computers 1,100,000 15,200,000 QS 22-13 (Algo) Computing residual income LO A1 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
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