Requhedinfonnaon [T he following information applies to the questions displayed below] Westerville Company reported the following results from last year's operations: Sales $1,000,000 Variable expenses 300,000 Contribution margin 700,000 Fixed expenses 500,000 Net operating income $ 200,000 Average operating assets $ 525.000 This year. the company has a $120,000 investment opportunity with the following cost and revenue characteristics: Sales $200,000 Contribution margin ratio 60% of sales Fixed expenses $ 90,000 The company's minimum required rate of return is 15%. 3. What is last year's return on investment (ROI)? -% Required information [The following information applies to the questions displayed below] Westerville Company reported the following results from last year's operations: Sales $1,000,000 Variable expenses 300,000 Contribution margin 700,000 Fixed expenses 500,000 Net operating income $ 200,000 Average operating assets $ 625.000 This year, the company has a $120,000 investment opportunity with the following cost and revenue characteristics: Sales $200,000 Contribution margin ratio 6096 of sales Fixed expenses $ 90,000 The company's minimum required rate of return is 15%. lo-a. If Westerville's chief executive ofcer will earn a bonus only if her ROI from this year exceeds her ROI from last year, would she pursue the investment opportunity? ','YES 0 10-b. Would the owners of the company want her to pursue the investment opportunity