12 Part 12 of 15 1 points Skipped ook t Print Required information The Foundational 15...

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12 Part 12 of 15 1 points Skipped ook t Print Required information The Foundational 15 (Algo) [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 Fixed expenses Net operating income Average operating assets $2,200,000 660,000 1,540,000 1,100,000 $440,000 $1,375,000 At the beginning of this year, the company has a $275,000 investment opportunity with the following cost and revenue characteristics: References Sales $440,000 Contribution margin ratio Fixed expenses Go N of sales $220,000 The company's minimum required rate of return is 15% Foundational 10-12 (Algo) 12. What is the residual income of this year's investment opportunity? Residual Income Check my work 12 Part 12 of 15 1 points Skipped ook t Print Required information The Foundational 15 (Algo) [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 Fixed expenses Net operating income Average operating assets $2,200,000 660,000 1,540,000 1,100,000 $440,000 $1,375,000 At the beginning of this year, the company has a $275,000 investment opportunity with the following cost and revenue characteristics: References Sales $440,000 Contribution margin ratio Fixed expenses Go N of sales $220,000 The company's minimum required rate of return is 15% Foundational 10-12 (Algo) 12. What is the residual income of this year's investment opportunity? Residual Income Check my work