1) What is the ROI? ROI = __________________%2) What is the residual income? (Negative amount should be indicated by a minus sign.)3) Why is the residual income negative?a) The ROI is less than the minimum required rate of return b) The ROI exceeds the minimum required rate of return c) The ROI equals the minimum required rate of returnd) Sales exceed average operating assets.e) Average operating assets exceed net operating income. f) Sales exceed net operating income.

Chapter 10: Applying Excel: Exercise (Part 2 of 2) Requirement 2: Revise the data in your worksheet as follows: A B 1 Chapter 10: Applying Excel 2 3 Data 4 Sales $ 57,000,000 5 Net operating income $ 3,420,000 6 Average operating assets $ 19,000,000 7 Minumum required rate of return 27%