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5 Part 5 of 15 1 points Meferences The Foundational 15 (Algo) [LO10-1, LO10-2) [The following information applies to the questions displayed below.) Westerville
5 Part 5 of 15 1 points Meferences 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 i $ 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: Sales Contribution margin ratio. Fixed expenses $440,000 60% of sales $220,000 The company's minimum required rate of return is 15% Foundational 10-5 (Algo) 5. What is the turnover related to this year's investment opportunity? (Round your answer to 1 decimal place.) Turnover
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