Question: need help, not sure if I did this correctly Violet Company has sales of $459,000, net operating income of $242,000, average invested assets of $801,000,

need help, not sure if I did this correctly

Violet Company has sales of $459,000, net operating income of $242,000, average invested assets of $801,000, and a hurdle rate of 11.50 percent. Calculate Violet's return on investment and its residual income. (Do not round your intermediate calculations. Round "ROI" answer to 2 decimal places.) Return on Investment (ROI) 27.09 % Residual Income $ 124,885

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