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Required information The following information applies to the questions displayed below) Westervile Company reported the following results from last years operations Sales Variable expenses Contribution
Required information The following information applies to the questions displayed below) Westervile Company reported the following results from last years operations Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $1,200,000 320,00 880,00 540.000 $ 240,00 600,000 $ At the beginning of this year, the company has a $150,000 investment opportunity with the following cost and revenue characteristics Sales Contribution margin ratio Fixed expenses $ 240,000 50% of sales $ 84, eee The company's minimum required rate of return is 15% 12. What is the residual income of this year's investment opportunity
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