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Violet Company has sales of $451,000, net operating income of $259,000, average invested assets of...

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Question

Accounting

Violet Company has sales of $451,000, net operating income of $259,000, average invested assets of $792,000, and a hurdle rate of
9.25 percent.
Calculate Violet'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.
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