Required information Chapter 11: Applying Excel (LO11-1, LO11-2) The Chapter 11 Form worksheet is to be used to create your own worksheet version of the Review Problem example in the text. Chapter 11: Applying Excel: Exercise (Part 2 of 2) Requirement 2: Revise the data in your worksheet as follows: 1 Chapter 11: Applying Excel 3 4 5 6 7 Data Sales Net operating income Average operating assets Minumum required rate of return $ 16,000,000 $ 2,400,000 $ 4,000,000 23% 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