The Foundational 15 (Algo) (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 $ 1,400,000 Variable expenses 720,000 Contribution nargin 680,000 Fixed expends 470,000 Net operating income $ 210,000 Average operating assets $ 875,000 At the beginning of this year, the company has a $350,000 investment opportunity with the following cost and revenue characteristics: Sales $ 560,000 Contribution margin ratio 70 of sales Tixed expenses $ 336,000 The company's minimum required rate of return is 15%. Foundational 10-1 (Algo) Required: 1. What is last year's margin? Margin % 2. What is last year's turnover? (Round your answer to 1 decimal place.) Answer is complete but not entirely correct. Turnover 15.0 % 4. What is the margin related to this year's investment opportunity? Answer is complete but not entirely correct. Margin 16 X % 5. What is the turnover related to this year's investment opportunity? (Round your answer to 1 decimal place.) Turnover 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 (ie, 0.1234 should be entered as 12.3).) Margin 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 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 fie., 0.1234 should be entered as 12.3).) ROI % 12. What is the residual income of this year's investment opportunity? Residual income