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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, 000 Variable expenses 435, 000 Contribution margin 1, 365, 000 Fixed expenses 1, 005, 000 Net operating income $ 360,900 Average operating assets $ 1, 200,000 At the beginning of this year, the company has a $300,000 investment opportunity with the following cost and revenue characteristics: Sales $ 360,000 Contribution margin ratio 70 % of sales Fixed expenses $ 216,000 The company's minimum required rate of return is 10%. 5. What is the turnover related to this year's investment opportunity? Note: Round your answer to 1 decimal place. Turnover
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