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M10-8 (Algo) Calculating Return on Investment, Residual Income [LO 10-4, 10-5] Myrtle Company has sales of $173,000, cost of goods sold of $72,730, operating expenses

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M10-8 (Algo) Calculating Return on Investment, Residual Income [LO 10-4, 10-5] Myrtle Company has sales of $173,000, cost of goods sold of $72,730, operating expenses of $18,190, average invested assets of $540,000, and a hurdle rate of 6.50 percent Calculate Myrtle'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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