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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
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: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $ 1,900,000 550,000 1,350,000 875,000 $ 475,000 $ 1,187,500 At the beginning of this year, the company has a $237,500 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $ 380,000 50% of sales $ 133,000 The company's minimum required rate of return is 10%. 8. If the company pursues the investment opportunity and otherwise performs the same as last year, what turnover will it earn this year? (Round your answer to 2 decimal places.) Turnover
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