CoursHeroTranscribedText: References Myrtle Company has sales of $224,000, cost of goods sold of $89,600, operating...
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CoursHeroTranscribedText: References Myrtle Company has sales of $224,000, cost of goods sold of $89,600, operating expenses of $22,400, average invested assets of $700,000, and a hurdle rate of 7.50 percent. Calculate Myrtle's return on investment and its residual income. Note: Enter your ROI answer as a percentage rounded to two decimal places, (i.e., 0.1234 should be entered as 12.34%). Round your Residual Income (Loss) answer to the nearest whole dollar. Return on Investment (ROI) Residual Income (Loss) %
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