Required information The Foundational 15 (Algo) (LO11-1, LO11-2] [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 $ 2,200,000 660,000 1,540,000 1,100,000 $ 440,000 $ 1,375,000 At the beginning of this year, the company has a $275,000 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $ 440,000 60 % of sales $ 220,000 The company's minimum required rate of return is 15%. Foundational 11-7 (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.1234 should be entered as 12.3)) Margin % Required information The Foundational 15 (Algo) (LO11-1, LO11-2] [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 $ 2,200,000 660,000 1,540,000 1,100,000 $ 440,000 $ 1,375,000 At the beginning of this year, the company has a $275,000 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $ 440,000 60 % of sales $ 220,000 The company's minimum required rate of return is 15%. Foundational 11-9 (Algo) 9. If the company pursues the investment opportunity and otherwise performs the same as last year, what ROI will it earn this year? (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be considered as 12.3%.)) X Answer is complete but not entirely correct. ROI 29.8 X % ! Required information The Foundational 15 (Algo) (LO11-1, LO11-2] [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 $ 2,200,000 660,000 1,540,000 1,100,000 $ 440,000 $ 1,375,000 At the beginning of this year, the company has a $275,000 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $ 440,000 60% of sales $ 220,000 The company's minimum required rate of return is 15%. Foundational 11-11 (Algo) 11. What is last year's residual income? X Answer is complete but not entirely correct. Residual income $ 137,500 x ! Required information The Foundational 15 (Algo) (LO11-1, LO11-2] [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 $ 2,200,000 660,000 1,540,000 1,100,000 $ 440,000 $ 1,375,000 At the beginning of this year, the company has a $275,000 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $ 440,000 60 % of sales $ 220,000 The company's minimum required rate of return is 15%. Foundational 11-12 (Algo) 12. What is the residual income of this year's investment opportunity? Residual income Required information The Foundational 15 (Algo) (LO11-1, LO11-2] [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 $ 2,200,000 660,000 1,540,000 1,100,000 $ 440,000 $ 1,375,000 At the beginning of this year, the company has a $275,000 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $ 440,000 60 % of sales $ 220,000 The company's minimum required rate of return is 15%. Foundational 11-13 (Algo) 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