Perfect Products provided the following selected information about its consumer products division for the current year: $\begin{array}{|l|lr|}
\hline \text { Desired ROI } & & 14 \% \
\hline \text { Net income } & \$ & 220,000 \
\hline \text { Residual income } & \$ & 15,000 \
\hline
\end{array}$ Required:
Based on this information,calculate the company's investment amount.Round your answer to the nearest dollar.

Question

Quizplus · Accepted Answer

The Answer of Perfect Products provided the following selected information about its consumer products division for the current year: $\begin{array}{|l|lr|}
\hline \text { Desired ROI } & & 14 \% \
\hline \text { Net income } & \$ & 220,000 \
\hline \text { Residual income } & \$ & 15,000 \
\hline
\end{array}$ Required:
Based on this information,calculate the company's investment amount.Round your answer to the nearest dollar.

Perfect Products Provided the Following Selected Information About Its Consumer