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M10-7 (Algo) Calculating Return on Investment, Residual Income (LO 10-4, 10-5) Violet Company has sales of $461,000, net operating income of $246,000, 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 $461,000, net operating income of $246,000, average invested assets of $792,000, and a hurdle rate of 10.25 percent Calculate Violet's 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.) Return on investment (ROI) Residual income (Loss)

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