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 $ 1,200,000 320, eee 880, eee 640,000 $ 240,000 $ 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 $ 240,00 50 % of sales $ 84,80 The company's minimum required rate of return is 15%. 11. What is last year's residual income? Residual income 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 $ 1,200,000 320, eee 880, eee 640, see $ 240, eee $ 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 $ 249,990 50% of sales $ 84,098 The company's minimum required rate of return is 15%. 12 What is the residual income of this year's investment opportunity? Residual income 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 $ 1,200,000 320, eee 880, eee 640, wee $ 24e, see $ 600, eee 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 $ 240,00 50 % of sales $ 84,982 The company's minimum required rate of return is 15%. 13. If the company pursues the investment opportunity and otherwise performs the same as last year, what residual income will it earn this year? Residual income