Chapter 11 Applying Excel (B) Saved Help Save & Exit Sbmit Check my work Requirement 2: Revise the data in your worksheet as follows: 10 points 1Chapter 11: Applying Excel 2 3 eBook Print References Data 4 Sales 5 Net operating income $52,000,000 $ 3,640,000 $ 13,000,000 12% 6 Average operating assets 7 Minumum required rate of return If your formulas are correct, you should get the correct answers to the following questions. a. What is the ROI? ROI Chapter 11 Applying Excel (B) Saved Help Save & Exit Submit Check my work Required information 10 points b. What is the residual income? (Negative amount should be indicated by a minus sign.) Residual income eBook Print References C. Why is the residual income positive