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Required information The Foundational 15 [LO11-1, L011-2] [The following information applies to the questions displayed below.] Westerville Company reported the following results from last year's
Required information The Foundational 15 [LO11-1, L011-2] [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 1,750,000 520,000 1,230,000 880,000 $350,000 rage operating assets 875,000 At the beginning of this year, the company has a $200,000 investment opportunity with the following cost and revenue characteristics: 320,000 Sales Contribution margin ratio Fixed expenses 60% of sales 128,000 The company's minimum required rate of return is 20%
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