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Myrtle Company has sales of $211,000, cost of goods sold of $85,380, operating expenses of $21,340, average invested assets of $660,000, and a hurdle rate
Myrtle Company has sales of $211,000, cost of goods sold of $85,380, operating expenses of $21,340, average invested assets of $660,000, and a hurdle rate of 6.50 percent.
Calculate Myrtles return on investment and its residual income.
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