Please provide complete answer for ALL questions.

Westerville Company reported the following results from last years operations:

Sales	$	1,900,000
Variable expenses		550,000
Contribution margin		1,350,000
Fixed expenses		875,000
Net operating income	$	475,000
Average operating assets	$	1,187,500

This year, the company has a $237,500 investment opportunity with the following cost and revenue characteristics:

Sales	$	380,000
Contribution margin ratio		50	% of sales
Fixed expenses	$	133,000

The companys minimum required rate of return is 10%.

Required:

2.	What is last years turnover? (Round your answer to 1 decimal place.)

3.	What is last years return on investment (ROI)?

7.	If the company pursues the investment opportunity and otherwise performs the same as last year, what margin will it earn this year? (Round your percentage answer to 1 decimal place (i.e .1234 should be entered as 12.3))

8.	If the company pursues the investment opportunity and otherwise performs the same as last year, what turnover will it earn this year? (Round your answer to 2 decimal places.)

9.	If the company pursues the investment opportunity and otherwise performs the same as last year, what ROI will it earn this year? (Round your percentage answer to 1 decimal place (i.e .1234 should be entered as 12.3))

11.	What is last years residual income?

12.	What is the residual income of this years investment opportunity?

13.	If the company pursues the investment opportunity and otherwise performs the same as last year, what residual income will it earn this year?