Chapter 11: Applying Excel Data Sales Net operating income Average operating assets Minimum required rate of return $25,000,000 $3,000,000 $10,000,000 25% Enter a formula into each of the cells marked with a? below Review Problem: Return on Investment (ROl) and Residual Income Compute the ROI Margin Turnover ROl Compute the residual income Average operating assets Net operating income Minimum required return Residual income Required information The Chapter 11 Form worksheet is to be used to create your own worksheet version of the Review Problem example in the text. Requirement 2: Revise the data in your worksheet as follows 1Chapter 11: Applying Excel 2 3 Data 4 Sales $ 12,000,000 $ 1,680,000 $ 6,000,000 16% 5 Net operating income 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 b. What is the residual income? (Negative amount should be indicated by a minus sign.) Residual income C. Why is the residual income positive