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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. Caiculate Myrtle's 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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