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Any help as to how I can go about determining what turnover the company will earn this year given the circumstances? [The following information applies

Any help as to how I can go about determining what turnover the company will earn this year given the circumstances?

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[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 900 , 000 Fixed expenses 660 , 000 Net operating income 5 240 , 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 11-8 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.)

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