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Violet Company has sales of $469,000, net operating income of $241,000, average invested assets of...

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Accounting

Violet Company has sales of $469,000, net operating income of $241,000, average invested assets of $805,000, and a hurdle rate of 11.75 percent.
Calculate Violets return on investment and its residual income. (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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