1. What is last years margin? 2. What is last years turnover? (Round your answer...
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Accounting
1. What is last years margin?
2. What is last years turnover? (Round your answer to 1 decimal place.
3. What is last years return on investment (ROI)? (Round your intermediate calculations to 1 decimal place.)
4. What is the margin related to this years investment opportunity?
Westerville Company reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $ 1,500,000 530,000 970,000 670,000 $ 300,000 $ 937,500 At the beginning of this year, the company has a $212,500 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $ 340,000 70% of sales $ 187,000 The company's minimum required rate of return is 10%
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