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Required information The Foundational 15 [LO11-1, LO11-2] 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, 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 $ 1,500,000 530,000 970,000 670,000 $ 300,000 Average operating assets937,500 At the beginning of this year, the company has a $212,500 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $ 340,000 70 % of sales $ 187,000 The company's minimum required rate of return is 10%
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