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IThe following information applies to the questions displayed below.J Westerville Company reported the following results from last year's operations: $1,600,000 Sales Variable expenses 700,000 900,000
IThe following information applies to the questions displayed below.J Westerville Company reported the following results from last year's operations: $1,600,000 Sales Variable expenses 700,000 900,000 Contribution margin Fixed expenses 660,000 240,000 Net operating income $1,000,000 Average operating assets This year, the company has a $325,000 investment opportunity with the following cost and revenue characteristics: $520,000 Sales Contribution margin ratio 70% of sales 312,000 Fixed expenses The company's minimum required rate of return is 15%
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