Chapter $11$: Applying Excel: Exercise $($Part $2$ of $2)($Algo$)$

Requlrement $2$:

Revise the data in your worksheet as follows:

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 resldual Income positive?

The ROI exceeds the minimum required rate of return

The ROI equals the minimum required rate of return

The ROI is less than the minimum required rate of return

Sales exceed average operating assets.