The Chapter 11 Form worksheet is to be used to create your own worksheet version of the Review Problem example in the text. Requirement 2: Revise the data in your worksheet as follows

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Chapter 11: Applying Excel
Data
Sales	$18,000,000
Net operating income	$1,620,000
Average operating assets	$9,000,000
Minumum required rate of return	11%

: If your formulas are correct, you should get the correct answers to the following questions. a. What is the ROI? b. What is the residual income? (Negative amount should be indicated by a minus sign.) c. Why is the residual income positive?