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Myrtle Company has sales of $230,000, cost of goods sold of $91,260, operating expenses of $22,820, average invested assets of $720,000, and a hurdle rate

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Myrtle Company has sales of $230,000, cost of goods sold of $91,260, operating expenses of $22,820, average invested assets of $720,000, and a hurdle rate of 7.75 percent. Calculate Myrtle's return on investment and its residual income. (Enter your ROI answer as a percentage rounded to two decimal places, (ie, 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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