Required Information The Foundational 15 [LO10-1, LO10-2] [The following information applies to the questions displayed below) Westerville Company reported the following results from last year's operations: $ 1,000,000 300,00 780,000 Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets 200,000 Oz5,000 At the beginning of this year, the company has a $120,000 Investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses 200.ee be 90.0 of sales $ The company's minimum required rate of return is 15% Foundational 10-1 Required: What is last year's margin Mag