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[The following information applies to the questions displayed below.) Westerville Company...

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Accounting

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[The following information applies to the questions displayed below.) Westerville Company reported the following results from last year's operations: Sales $ 2,000,000 Variable expenses 640,000 Contribution margin 1,360,000 Fixed expenses 860,000 Net operating income $ 500,000 Average operating assets $1,250,000 At the beginning of this year, the company has a $250,000 investment opportunity with the following cost and revenue characteristics: Sales Contribution nargin ratio Fixed expenses $ 480,000 70 of sales $ 220,000 The company's minimum required rate of return is 10% 8. If the company pursues the investment opportunity and otherwise performs the same as last year, what turnover will it earn this year? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Turnover 1.65

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