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1 Chapter 11: Applying Excel 2 1 2. 3 4 5 Data 4 Sales $ 72,000,000 $ 3,600,000 $ 18,000,000 24% Net operating income Average operating assets Minumum required rate of return 6 7 If your formulas are correct, you should get the correct answers to the following questions. a. What is the ROI? ROI b. What is the residual income? (Negative amount should be indicated by a minus sign.) Residual income c. Why is the residual income negative? B Chapter 11: Applying Excel 1 2 3 Data 4 5 van Sales Net operating income Average operating assets Minumum required rate of return $ 95,000,000 $ 5,700,000 $ 19,000,000 19% 6 7 5 If your formulas are correct, you should get the correct answers to the following questions. a. What is the ROI? ROI % b. What is the residual income? (Negative am at should be indicated by a minus sign.) Rosidual income c. Why is the residual income positive