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Perfect Products Provided the Following Selected Information About Its Consumer

question 94

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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.  Desired ROI 14% Net income $220,000 Residual income $15,000\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}


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