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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 Contribution
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 $ 1,400,000 720,000 680,000 470,000 $ 210,000 $ 875,000 At the beginning of this year, the company has a $350,000 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $ 560,000 70% of sales $ 336,000 The company's minimum required rate of return is 15%. If the company pursues the investment opportunity and otherwise performs the same as last year, what margin will it earn this ear? (Round your percentage answer to 1 decimal place (i.e.1234 should be entered as 12.3)) Answer is not complete
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