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Myrtle Company has sales of $243,000, cost of goods sold of $95,300, operating expenses of $23,820, average invested assets of $760,000, and a hurdle rate
Myrtle Company has sales of $243,000, cost of goods sold of $95,300, operating expenses of $23,820, average invested assets of $760,000, and a hurdle rate of 7.75 percent. Calculate Myrtles 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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