(b) Check your worksheet by changing the average operating assets in cell B6 to $ 9,000,000. The ROI should now be 33% and the residual income now be$ 750,000. If you are not getting these answers, find the errors in your worksheet and correct them.

E F 25% 1 Chapter 11: Applying Excel 2 3 Data 4 Sales $25,000,000 5 Net operating income $3,000,000 6 Average operating assets $10,000,000 7 Minimum required rate of return 8 9 compute the following in excel sheet 10 Review Problem: Return on Investment (ROI) and Residual Income 11 12 Compute the ROI 13 Margin 14 Turnover 15 ROI 16 17 Compute the residual income 18 Average operating assets 19 Net operating income 20 Minimum required return 21 Residual income 22 22