Required information The following information applies to the questions displayed below) Westerville Company reported the...
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Required information The following information applies to the questions displayed below) Westerville Company reported the following results from last year's operations Sales Variable per Contribution Fixed Net operating in Averses operating assets $1,500,000 50 90,000 60.000 100,000 337,500 At the beginning of this year the company has a $212,500 investment opportunity with the following cost and revenue characteristics Saints Contribution margin tie Fixed expenses $ 340,000 70 of sales 187,000 The company's minimum required rate of return is 10% 12. What is the residual income of this year's investment opportunity
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