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Please help Westerville Company reported the following results from last year's operations: Sales $ 1,500,000 Variable expenses 330,000 Contribution margin 970,000 Tixed expenses 670,000 Het

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Westerville Company reported the following results from last year's operations: Sales $ 1,500,000 Variable expenses 330,000 Contribution margin 970,000 Tixed expenses 670,000 Het operating income $ 300,000 Average operating assets $ 937,500 At the beginning of this year, the company has a $212,500 investment opportunity with the following cost and revenue characteristics Sales $ 340,000 Contribution margin ratio 70 of sales Fixed expenses $ 187,000 The company's minimum required rate of return is 10% Foundational 10-12 (Algo) 12. What is the residual income of this year's investment opportunity? Answer is complete but not entirely correct. 206250 Residual income NELU Westerville Company reported the following results from last year's operations: Sales $ 1,500,000 Variable expenses 530,000 Contribution margin 970,000 Fixed expenses 670,000 Wet operating income $ 300,000 Average operating assets $ 937,500 At the beginning of this year, the company has a $212,500 Investment opportunity with the following cost and revenue characteristics: Sales $ 340,000 Contribution margin ratio 70 of sales Fixed expenses $ 187,000 The company's minimum required rate of return is 10%. Foundational 10-13 (Algo) 13. If the company pursues the investment opportunity and otherwise performs the same as last year, what residual income will it earn this year? Answer is complete but not entirely correct. nene S

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