Question

8)Megamart, a retailer of consumer goods, provides the following information on two of its departments (each considered an investment center).   Investment Center Sales Net
IncomeAverage
Invested Assets  Electronics$10,800,000$409,500$3,150,000   Sporting goods 7,600,000 1,044,000 5,800,000     1-a.Compute return on investment for each department.b.Assume a target income level of 11.2% of average invested assets. Compute residual income for each department.

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