Mal Olavamate.... Mercury Games A Sapling Leam amework Saved Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $ 1,200,000 320,000 880,000 640,000 $ 240,000 $ 600,000 At the beginning of this year, the company has a $150,000 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $ 240,000 50 % of sales $ 84,000 The company's minimum required rate of retum is 15%. 11. What is last year's residual income? Home