16 Required information The Foundational 15 [LO11-1, LO11-2 [The following information applies to the questions displayed below. Westerville Company reported the following results from last year's operations: Part 11 of 15 0.8 points Sales Variable expenses Contribution margin Fixed expenses Net operating income 1,300,000 440,000 860,000 600,000 $ 260,000 eBook Average operating assets 812,500 Print At the beginning of this year, the company has a $162,500 investment opportunity with the following cost and revenue characteristics: References Sales Contribution margin ratio Pixed expenses S 260,000 80% of sales 182,000 The company's minimum required rate of return is 15%. Foundational 11-11 11. What is last year's residual income