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

Question

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

Quizplus · Accepted Answer

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

Perfect Products Provided the Following Selected Information About Its Consumer