A 1 Chapter 10: Applying Excel 2 3 Data 4 Sales 5 Net operating income 6 Average operating assets 7 Minumum required rate of return OI your formulas are correct, you should get the correct answers to the following questions. What is the ROI? esidual income B % Why is the residual income positive? $ 64,000,000 $ 7,680,000 $ 16,000,000 25% What is the residual income? (Negative amount should be indicated by a minus sign.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Chapter 10: Applying Excel: Exercise (Part 2 of 2)
Requirement 2:
Revise the data in your worksheet as follows:
A
1 Chapter 10: Applying Excel
2
3
Data
4 Sales
5
6
7
Net operating income
ROI
Average operating assets
Minumum required rate of return
If your formulas are correct, you should get the correct answers to the following questions.
a. What is the ROI?
Residual income
B
%
c. Why is the residual income positive?
$ 64,000,000
$ 7,680,000
$ 16,000,000
25%
b. What is the residual income? (Negative amount should be indicated by a minus sign.)
Transcribed Image Text:Chapter 10: Applying Excel: Exercise (Part 2 of 2) Requirement 2: Revise the data in your worksheet as follows: A 1 Chapter 10: Applying Excel 2 3 Data 4 Sales 5 6 7 Net operating income ROI Average operating assets Minumum required rate of return If your formulas are correct, you should get the correct answers to the following questions. a. What is the ROI? Residual income B % c. Why is the residual income positive? $ 64,000,000 $ 7,680,000 $ 16,000,000 25% b. What is the residual income? (Negative amount should be indicated by a minus sign.)
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