Question: Chapter 11: Applying Excel Data Sales $42,000,000 Net operating income $2,520,000 Average operating assets $14,000,000 Minumum required rate of return 10% a. What is the

Chapter 11: Applying Excel
Data
Sales $42,000,000
Net operating income $2,520,000
Average operating assets $14,000,000
Minumum required rate of return 10%

a. What is the ROI?

b. What is the residual income? (Negative amount should be indicated by a minus sign.)

c. Why is the residual income positive?

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