Required Information [The following information applies to the questions displayed below.] The following information is provided for each Investment Center. Investment Center Cameras Phones Computers Income $ 6,750,000 2,254,000 1,000,000 Average Assets $ 24,800,000 16,100,000 15,800,000 Compute return on investment for each investment center. Which center performed the best based on return on investment?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Vaibhav 

Required Information
[The following information applies to the questions displayed below.]
The following information is provided for each Investment Center.
Investment Center
Cameras
Phones
Computers
Income
Less: Target income
Residual income (loss)
Income
$ 6,750,000
2,254,000
1,000,000
Compute return on investment for each investment center. Which center performed the best based on return on investment?
$
Cameras
Average Assets
$ 24,800,000
16,100,000
15,800,000
6,750,000 $
Phones
2,254,000 $
Computers
1,000,000
Transcribed Image Text:Required Information [The following information applies to the questions displayed below.] The following information is provided for each Investment Center. Investment Center Cameras Phones Computers Income Less: Target income Residual income (loss) Income $ 6,750,000 2,254,000 1,000,000 Compute return on investment for each investment center. Which center performed the best based on return on investment? $ Cameras Average Assets $ 24,800,000 16,100,000 15,800,000 6,750,000 $ Phones 2,254,000 $ Computers 1,000,000
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