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Revise the data in your worksheet as follows A Chapter 11: Applying Excel 1 2 3 Data 4 Sales S 67 Net operating income
Revise the data in your worksheet as follows A Chapter 11: Applying Excel 1 2 3 Data 4 Sales S 67 Net operating income Average operating assets Minumum required rate of return B $ 10,000,000 $ 1,000,000 $ 5,000,000 19% If your formulas are correct, you should get the correct answers to the following questions. a. What is the ROI? ROI % b. What is the residual Income? (Negative amount should be indicated by a minus sign.) Residual income c. Why is the residual Income positive?
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