Verify that your worksheet matches the Review Problem in the text. Check your worksheet by changing the average operating assets in cell B6 to $9,000,000. The ROI should now be 33% and the residual income should now be $750,000. If you do not get these answers, find the errors in your worksheet and correct them. A 1 Chapter 11: Applying Excel 2 3 Data B C 4 Sales 5 Net operating income 6 Average operating assets 7 Minimum required rate of return 8 $25,000,000 $3,000,000 $10,000,000 25% 9 Enter a formula into each of the cells marked with a ? below 10 Review Problem: Return on Investment (ROI) and Residual Income 11 12 Compute the ROI 13 Margin 14 Tumover 15 ROI 16 17 Compute the residual income 18 Average operating assets 19 Net operating income 20 Minimum required return 21 Residual income ? ? ? ? ? ? ? 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?