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M10-7 (Algo) Calculating Return on investment, Residual Income [LO 10-4, 10-5) Violet Company has sales of 5463,000, net operating income of $259,000, average invested assets

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M10-7 (Algo) Calculating Return on investment, Residual Income [LO 10-4, 10-5) Violet Company has sales of 5463,000, net operating income of $259,000, average invested assets of $797000, and a hurdle rate of 975 percent Calculate Violets return on investment and its residual income (Enter your ROI answer as a percentage rounded to two decimal places, (le, 0.1234 should be entered os 12.34%). Round your Residual income (Loss) answer to the nearest whole dollar) Return on investment (ROI) Residual income (Loss)

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