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Myrtle Company has sales of $ 1 5 4 , 0 0 0 , cost of goods sold of $ 6 5 , 9 8

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 7.75 percent.
Calculate Myrtles return on investment and its residual income.
Note: 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.

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