Question - Myrtle Company has sales of $218,000, cost of goods sold of $87,900, operating expenses of $21,980, average invested assets of $680,000, and a hurdle rate of 6.75 percent.
Calculate Myrtle's return on investment and its residual income. (Enter your ROI answer as a percentage rounded to two decimal places, (i.e., 0.1234 should be entered as 12.34%). Round your Residual Income (Loss) answer to the nearest whole dollar.)