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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
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 $ 1,400,000 510,000 890,000 610,000 $ 280,000 $875,000 At the beginning of this year, the company has a $175,000 investment opportunity with the following cost and revenue characteristics: Sales $ 280,000 Contribution margin ratio 50 8 of sales $ 98,000 Fixed expenses The company's minimum required rate of return is 15%. 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.) Turnover
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