! Required information The Foundational 15 (Algo) [LO10-1, LO10-2] [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 $ 1,500,000 730,000 770,000 470,000 $ 300,000 $ 937,500 At the beginning of this year, the company has a $362,500 investment opportunity with the following cost and revenue characteristics: Sales $ 580,000 Contribution margin ratio 70% of sales $ 319,000 Fixed expenses The company's minimum required rate of return is 10%. Foundational 10-1 (Algo) Required: 1. What is last year's margin? Margin % Foundational 10-2 (Algo) 2. What is last year's turnover? (Round your answer to 1 decimal place.) Turnover Foundational 10-3 (Algo) 3. What is last year's return on investment (ROI)? (Round your intermediate calculations to 1 decimal place.) ROI % Foundational 10-4 (Algo) 4. What is the margin related to this year's investment opportunity? Margin % Foundational 10-5 (Algo) 5. What is the turnover related to this year's investment opportunity? (Round your answer to 1 decimal place.) Turnover Foundational 10-6 (Algo) 6. What is the ROI related to this year's investment opportunity? (Do not round intermediate calculations.) ROI % Foundational 10-7 (Algo) 7. If the company pursues the investment opportunity and otherwise performs the same as last year, what margin will it earn this year? (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Margin %