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Foundational L011-1, LO 11-2] IThe following information applies to the questions displayed below) Westerville Company reported the following results from last year's operations: $1,300,000 Sales
Foundational L011-1, LO 11-2] IThe following information applies to the questions displayed below) Westerville Company reported the following results from last year's operations: $1,300,000 Sales Variable expenses 440.000 Contribution margin 860.000 600.000 Fixed expenses 260.000 Net operating income 812.500 Average operating assets This year, the company has a $162,500 investment opportunity with the following cost and revenue characteristics $260.000 Sales 80% of sales Contribution margin ratio Fixed expenses 182,000 The company's minimum required rate of return is 15%
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