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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 $ 2,000,000 640,000 1,360,000 860,000 $ 500,000 $ 1,250,000 At the beginning of this year, the company has a $250,000 investment opportunity with the following cost and revenue characteristics $ 400,000 Sales Contribution margin ratio rixed expenses 70% of sa $ 220,000 The company's minimum required rte of return is 10% 5. What is the turnover related to this year's investment opportunity? (Round your answer to 1 declmal place.) Please Sacramento
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