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Required information (The following information applies to the questions displayed below Westerville Company reported the...

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Accounting

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Required information (The following information applies to the questions displayed below Westerville Company reported the following results from last years operations variable expenses Contribtion margin Fixed expenses net operating incone s 1,800,099 1,06,00 S360,990 Average operatine ssetss3.200, At the beginning of this year the company has characteristics $400.000 investment opportunity with the following cost and revenue Sales Contribution sargin ratio Fixed expenses s 6e,00e 60% of sales $ 288,000 The company's minimum required rate of return is 0%. 1.What is last years residual income? Prey 1121315of 1 Next

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