The following information applies to the questions displayed below Westerville Company reported the following results from last years operations Sales $ 2,000,000 Variable expenses 640,000 Contribution margin 1,360,000 Fixed expenses 860,000 Net operating income $ 500,000 Average operating assets $ 1,250,000 This year, the company has a $250,000 investment opportunity with the following cost and revenue characteristics Sales $ 400,000 Contribution margin ratio 70 of sales Fixed expenses $ 220,000 The companys minimum required rate of return is 10 5 What is the turnover related to this years investment opportunity (Round your answer to 1 decimal place ) References eBook Resources Worksheet Learning Objective 09 01 Compute return on investment (ROI) and show how changes in sales, expenses, and assets affect ROI Difficulty 2 Medium Learning Objective 09 02 Compute residual income and understand its strengths and weaknesses Check my work 6 value 0 50 points Required information 6 What is the ROI related to this years investment opportunity References eBook Resources Worksheet Learning Objective 09 01 Compute return on investment (ROI) and show how changes in sales, expenses, and assets affect ROI Difficulty 2 Medium Learning Objective 09 02 Compute residual income and understand its strengths and weaknesses Check my work 7 value 0 50 points Required information 11 What is last years residual income References eBook Resources Worksheet Learning Objective 09 01 Compute return on investment (ROI) and show how changes in sales, expenses, and assets affect ROI Difficulty 2 Medium Learning Objective 09 02 Compute residual income and understand its strengths and weaknesses Check my work 8 value 0 50 points Required information 12 What is the residual income of this years investment opportunity References eBook Resources Worksheet Learning Objective 09 01 Compute return on investment (ROI) and show how changes in sales, expenses, and assets affect ROI Difficulty 2 Medium

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[The following information applies to the questions displayed below.] Westerville Company reported the following results from last years operations: Sales $ 2,000,000 Variable expenses 640,000

[The following information applies to the questions displayed below.] Westerville Company reported the following results from last years operations: Sales $ 2,000,000 Variable expenses 640,000 Contribution margin 1,360,000 Fixed expenses 860,000 Net operating income $ 500,000 Average operating assets $ 1,250,000 This year, the company has a $250,000 investment opportunity with the following cost and revenue characteristics: Sales $ 400,000 Contribution margin ratio 70 % of sales Fixed expenses $ 220,000 The companys minimum required rate of return is 10%.