Required information Skip to question [The following information applies to the questions displayed below.] Westerville Company reported the following results from last years 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 60 % of sales Fixed expenses $ 90,000 The companys minimum required rate of return is 15%. 3. What is last years 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 Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $1.000.000 300,000 700.000 500.000 $ 200.000 $ 625.000 This year, the company has a $120,000 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $ 200.000 60% of sales $ 90,000 The company's minimum required rate of return is 15%. 3. What is last year's return on investment (ROI)? ROI %