The Foundational 15 (Algo) [LO10-1, LO10-2]

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Westerville Company reported the following results from last years operations:

Sales	$ 1,500,000
Variable expenses	500,000
Contribution margin	1,000,000
Fixed expenses	700,000
Net operating income	$ 300,000
Average operating assets	$ 1,000,000

At the beginning of this year, the company has a $200,000 investment opportunity with the following cost and revenue characteristics:

Sales	$ 300,000
Contribution margin ratio	60	% of sales
Fixed expenses	$ 132,000

The companys minimum required rate of return is 10%.

Foundational 10-5 (Algo)

5. What is the turnover related to this years investment opportunity? (Round your answer to 1 decimal place.)