Required information The Foundational 15 (Static) (LO10-1, LO10-2) [The following information applies to the questions...
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Required information The Foundational 15 (Static) (LO10-1, LO10-2) [The following information applies to the questions displayed below.) Westerville Company reported the following results from last year's operations: Sales Variable expenses Contribution margin Pixed expenses Net operating income Average operating assets $ 1,000,000 300,000 700,000 500,000 $ 200,000 $ 625,000 At the beginning of this year, the company has a $120,000 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Pixed expenses $ 200,000 60% of sales $ 90,000 The company's minimum required rate of return is 15%. Foundational 10-1 (Static) Required: 1. What is last year's margin? Margin % 2. What is last year's turnover? (Round your answer to 1 decimal place.) Turnover 3. What is last year's return on investment (ROI)? (Round your intermediate calculations to 1 decimal place.) ROI % 4. What is the margin related to this year's investment opportunity? Margin % 5. What is the turnover related to this year's investment opportunity? (Round your answer to 2 decimal places.) Turnover
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