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Myrtle Company has sales of $224,000, cost of goods sold of $89, 600, operating expenses of $22, 400, average invested assets of $700,000, and a

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Myrtle Company has sales of $224,000, cost of goods sold of $89, 600, operating expenses of $22, 400, average invested assets of $700,000, and a hurdle rate of 7.50 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

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