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Check n Westerville Company reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income $1,500,000 30,000 970,000
Check n Westerville Company reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income $1,500,000 30,000 970,000 670.000 Part 5 of 15 $300,000 0.66 points Average operating assets 937,500 eBook At the beginning of this year, the company has a $212,500 investment opportunity with the following cost and revenue characteristics Print 340,00o Sales Contribution margin ratio Fixed expenses 70% of sales 187,000 The company's minimum required rate of return is 10%. 5. What is the turnover related to this year's investment opportunity? (Round your answer to 1 decimal place.) urnover
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