Required information The Foundational 15 (Static) [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 $ 1, 000, 000 Variable expenses 300, 900 Contribution margin 700, 900 Fixed expenses 500, 900 Net operating income $ 200,000 Average operating assets $ 625,600 At the beginning of this year, the company has a $120,000 investment opportunity with the following cost and revenue characteristics: Sales $ 200, 000 Contribution margin ratio 60 % of sales Fixed expenses $ 90, 000 The company's minimum required rate of return is 15%. Foundational 10-1 (Static) Required: 1. What is last year's margin? Margin! Required information The Foundational 15 (Static) [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 $ 1, 000, 000 Variable expenses 300, 000 Contribution margin 700, 900 Fixed expenses 500, 900 Net operating income $ 200, 000 Average operating assets $ 625,900 At the beginning of this year, the company has a $120,000 investment opportunity with the following cost and revenue characteristics: Sales $ 200, 000 Contribution margin ratio 60 % of sales Fixed expenses $ 90, 006 The company's minimum required rate of return is 15%. Foundational 10-2 (Static) 2. What is last year's turnover? (Round your answer to 1 decimal place.) TurnoverRequired information The Foundational 15 (Static) [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 $ 1, 006, 000 Variable expenses 300,900 Contribution margin 700, 000 Fixed expenses 500, 000 Net operating income $ 200,000 Average operating assets $ 625,060 At the beginning of this year, the company has a $120,000 investment opportunity with the following cost and revenue characteristics: Sales $ 200,000 Contribution margin ratio 60 % of sales Fixed expenses $ 90,000 The company's minimum required rate of return is 15%. Foundational 10-3 (Static) 3. What is last year's return on investment (ROI)? (Round your intermediate calculations to 1 decimal place.) ROI %! Required information The Foundational 15 (Static) [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 $ 1, 000, 000 Variable expenses 300, 900 Contribution margin 700, 900 Fixed expenses 500, 900 Net operating income $ 200,000 Average operating assets $ 625,000 At the beginning of this year, the company has a $120,000 investment opportunity with the following cost and revenue characteristics: Sales $ 200, 000 Contribution margin ratio 60 % of sales Fixed expenses $ 90,000 The company's minimum required rate of return is 15%. Foundational 10-4 (Static) 4. What is the margin related to this year's investment opportunity? Margin %Required information The Foundational 15 (Static) [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 $ 1, 000,000 Variable expenses 300,900 Contribution margin 700, 000 Fixed expenses 500, 900 Net operating income $ 200,900 Average operating assets $ 625,000 At the beginning of this year, the company has a $120,000 investment opportunity with the following cost and revenue characteristics: Sales $ 200, 000 Contribution margin ratio 60 % of sales Fixed expenses $ 90, 000 The company's minimum required rate of return is 15%. Foundational 10-5 (Static) 5. What is the turnover related to this year's investment opportunity? (Round your answer to 2 decimal places.) TurnoverRequired information The Foundational 15 (Static) [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 $ 1, 000, 000 Variable expenses 300, 000 Contribution margin 700, 900 Fixed expenses 500, 900 Net operating income $ 200,900 Average operating assets $ 625,900 At the beginning of this year, the company has a $120,000 investment opportunity with the following cost and revenue characteristics: Sales $ 200, 000 Contribution margin ratio 60 % of sales Fixed expenses $ 90, 000 The company's minimum required rate of return is 15%. Foundational 10-6 (Static) 6. What is the ROI related to this year's investment opportunity? (Do not round intermediate calculations. Round your answer to the nearest whole percent.) ROI %Required information The Foundational 15 (Static) [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 $ 1, 000, 000 Variable expenses 300, 000 Contribution margin 700, 900 Fixed expenses 500, 000 Net operating income $ 200,900 Average operating assets $ 625,900 At the beginning of this year, the company has a $120,000 investment opportunity with the following cost and revenue characteristics: Sales $ 200, 000 Contribution margin ratio 60 % of sales Fixed expenses $ 90, 000 The company's minimum required rate of return is 15%. Foundational 10-7 (Static) 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., 0.1234 should be entered as 12.3).) Margin %Required information The Foundational 15 (Static) [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 $ 1, 000,900 Variable expenses 300, 900 Contribution margin 700,900 Fixed expenses 500,000 Net operating income $ 200,900 Average operating assets $ 625,900 At the beginning of this year, the company has a $120,000 investment opportunity with the following cost and revenue characteristics: Sales $ 200, 000 Contribution margin ratio 60 % of sales Fixed expenses $ 90, 000 The company's minimum required rate of return is 15%. Foundational 10-8 (Static) 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! Required information The Foundational 15 (Static) [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 $ 1, 000, 000 Variable expenses 300,900 Contribution margin 700, 900 Fixed expenses 500, 900 Net operating income $ 200,900 Average operating assets $ 625,000 At the beginning of this year, the company has a $120,000 investment opportunity with the following cost and revenue characteristics: Sales $ 200, 000 Contribution margin ratio 60 % of sales Fixed expenses $ 90, 000 The company's minimum required rate of return is 15%. Foundational 10-9 (Static) 9. If the company pursues the investment opportunity and otherwise performs the same as last year, what ROI will it earn this year? (Do not round intermediate calculations. Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) ROI %Required information The Foundational 15 (Static) [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 $ 1, 000,000 Variable expenses 300,900 Contribution margin 700, 900 Fixed expenses 500,060 Net operating income $ 200,060 Average operating assets $ 625,000 At the beginning of this year, the company has a $120,000 investment opportunity with the following cost and revenue characteristics: Sales $ 209, 000 Contribution margin ratio 60 % of sales Fixed expenses $ 90, 000 The company's minimum required rate of return is 15%. Foundational 10-11 (Static) 11. What is last year's residual income? Residual income