Question: A B C 1 Chapter 11: Applying Excel 2 3 Data 4 Sales $36,000,000 5 Net operating income $5,400,000 6 Average operating assets $18,000,000 7

A
B
C
1 Chapter 11: Applying Excel
2
3 Data
4 Sales $36,000,000
5 Net operating income $5,400,000
6 Average operating assets $18,000,000
7 Minumum required rate of return 27%
8

If your formulas are correct, you should get the correct answers to the following questions.


(a)

What is the ROI? (Leave no cells blank - be certain to enter "0" wherever required. Omit the "%" sign in your response.)

ROI %

(b)

What is the residual income? (Negative amount should be indicated by a minus sign. Omit the "$" sign in your response.)

Residual income $

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