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Westerville Company reported the following results from last year's operations Sales Variable expenses Contribution margin...

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Accounting

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Westerville Company reported the following results from last year's operations Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 1,400,000 720,000 680,000 470,000 $ 210,000 Average operating assets 875,000 At the beginning of this year, the company has a $350,000 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses 560,000 70% of sales $ 336,000 The company's minimum required rate of return is 15%. 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.) Turnover

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