Katy Company reported the following results from last year's operations: $1,000,000 300,000 700,000 500,000 $200,000 Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets 625,000 that would raise the residual income by $12,000 and provide a 25% ROI. The company's minimum rate of return is 15%. At the beginning of this year, the company found a new investment opportunity INSTRUCTIONS: 1) What is last year's margin? 2) What is last year's turnover? 3) What is last year's return on investment (ROI)? 4 What is the company's residual income for last year? 5) Should the company accept the new investment opportunity? Explain