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Any help as to how I can go about determining the companys turnover related to this years investment opportunity? The Foundational 15 [LO11-1, LO11-2] [The

Any help as to how I can go about determining the companys turnover related to this years investment opportunity?

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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: Sales $ 1,600,000 Variable expenses 700,000 Contribution margin 9 00 , 000 Fixed expenses 660 , 000 Net operating income $ 240 , 000 Average operating assets $ 1,000,000 At the beginning of this year, the company has a $325,000 investment opportunity with the following cost and revenue characteristics: Sales $ 520,000 Contribution margin ratio 70 % of sales Fixed expenses $ 312,000 [ The company's minimum required rate of return is 15%. Foundational 11-5 5. What is the turnover related to this year's investment opportunity? (Round your answer to 1 decimal place.)

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