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Chapter 10 Assignment Myrtle Company has sales of $154,000, cost of goods sold of $65,980, operating expenses of $16,500 average invested assets of $480,000, and

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Chapter 10 Assignment Myrtle Company has sales of $154,000, cost of goods sold of $65,980, operating expenses of $16,500 average invested assets of $480,000, and a hurdle rate of 775 percent Calculate Myrtle's return on investment and its residual income. (Enter your ROI answer as a percentage rounded to two decimal places, (ie, 0.1234 should be entered as 12.34%). Round your Residual income (Loss) answer to the nearest whole dollar) Retum on investment (RON Residual income (Loss)

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