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Myrtle Company has sales of $160,000, cost of goods sold of $68,000, operating expenses of...

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Accounting

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Myrtle Company has sales of $160,000, cost of goods sold of $68,000, operating expenses of $17,000, average invested assets of $500,000, and a hurdle rate of 8.00 percent. Calculate Myrtle's teturn on investment and its residual Income. (Enter your ROI answer as a percentage rounded to two decimal places, (.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) is

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