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show all work for quedtions A and B Myrtle Company has sales of $186,000, cost of goods sold of $77,340, operating expenses of $19,340, average
show all work for quedtions A and B
Myrtle Company has sales of $186,000, cost of goods sold of $77,340, operating expenses of $19,340, average invested assets of $580,000, 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.) Return on Investment (ROI) Residual Income (Loss) Augusta Corp's Golf Division has sales of $196,000, cost of goods sold of $106,000, operating expenses of $31,000, average invested assets of $906,000, and a hurdle rate of 13.75 percent. Calculate the Golf Division's return on investment and its residual income.(Enter loss amount with a minus sign. 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.) Return on Investment (ROI) Residual income (Loss) Step by Step Solution
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