THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 23 25.

Test Company reported the following amounts for July.

Sales	$240,000
Operating income	60,000
After-tax income	48,000
Operating assets, July 1	380,000
Operating assets, July 31	420,000

Test Companys required rate of return on all investments is 8%. The companys cost of capital is 6%. Total capital employed for July equaled $390,000.

23. Determine the return on investment (ROI) for July.

Note: Give your answer as a decimal amount rounded to two decimal points.

Examples: 0.12 or 1.20

24.

Determine the residual income (RI) for July.

Note: Give your answer using dollar signs and commas but no decimal points (cents)

Example: $12,345

25.

Determine the economic value added (EVA) for July.

Note: Give your answer using dollar signs and commas but no decimal points (cents)

Example: $12,345