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The following financial data are for the evaluation of performance for Far North Logging Average operating assets Net operating income Minimum required rate of return

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The following financial data are for the evaluation of performance for Far North Logging Average operating assets Net operating income Minimum required rate of return $797,000 99,625 1196 Far North Logging currently uses ROI to evaluate investment centre managers. An accounting intern from the local university suggested to the controller that residual income may be a better performance measure. Calculate ROI for Far North Logging. (Round answers to 2 decimal places, eg, 15.24%.) ROI LINK TO TEXT Calculate residual income for Far North Logging. (Round dollar answers to 0 decimal places, e.g. 5,275.) Residual income

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