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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 $ 1, 800,
Required information [The following information applies to the questions displayed below.] Westerville Company reported the following results from last year's operations: Sales $ 1, 800, 900 Variable expenses 740, 900 Contribution margin 1, 060, 000 Fixed expenses 700, 900 Net operating income $ 360,000 Average operating assets $ 1, 200, 000 At the beginning of this year, the company has a $400,000 investment opportunity with the following cost and revenue characteristics: Sales $ 600, 000 Contribution margin ratio 60 % of sales Fixed expenses $ 288, 000 The company's minimum required rate of return is 10%. Required: 1. What is last year's margin? MarginRequired information [The following information applies to the questions displayed below.] Westerville Company reported the following results from last year's operations: Sales $ 1, 800, 000 Variable expenses 740, 900 Contribution margin 1, 060, 000 Fixed expenses 700, 900 Net operating income $ 360,900 Average operating assets $ 1, 200, 900 At the beginning of this year, the company has a $400,000 investment opportunity with the following cost and revenue characteristics: Sales $ 600, 090 Contribution margin ratio 60 % of sales Fixed expenses $ 288, 000 The company's minimum required rate of return is 10%. 2. What is last year's turnover? (Round your answer to 1 decimal place.) TurnoverRequired information [The following information applies to the questions displayed below.] Westerville Company reported the following results from last year's operations: Sales $ 1, 800, 000 Variable expenses 740, 000 Contribution margin 1, 060, 000 Fixed expenses 700, 900 Net operating income $ 360,000 Average operating assets $ 1, 200, 900 At the beginning of this year, the company has a $400,000 investment opportunity with the following cost and revenue characteristics: Sales $ 600, 000 Contribution margin ratio 60 % of sales Fixed expenses $ 288, 000 The company's minimum required rate of return is 10%. 3. What is last year's return on investment (ROI)? (Round your intermediate calculations to 1 decimal place.) ROI %
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