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 Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $ 1,500,000 500,000 1,000,000 700,000 $ 300,000 $ 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 company's minimum required rate of return is 10%. 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.) Turnover 3. What is last year's return on investment (ROD? (Round your intermediate calculations to 1 decimal place.) ROI % Margin % 6. What is the ROI related to this year's Investment opportunity? (Do not round intermediate calculations.) Answer is complete but not entirely correct. ROL 29 X 1% 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 %