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 $ 2,200,000 Variable expenses 660,000 Contribution margin 1,540,000 Fixed expenses 1,100,000 Net operating income $ 440,000 Average operating assets $ 1,375,000 At the beginning of this year, the company has a $275,000 investment opportunity with the following cost and revenue characteristics: Sales $ 440,000 Contribution margin ratio 60 of sales Fixed expenses $ 220,000 The company's minimum required rate of return is 15%. Foundational 10-1 (Algo) Required: 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 (RON)? (Round your intermediate calculations to 1 decimal place.) ROI % 4. What is the margin related to this year's investment opportunity? Margin % 5. What is the turnover related to this year's investment opportunity? (Round your answer to 1 decimal place.) Turnover 6. What is the ROI related to this year's investment opportunity? (Do not round intermediate calculations.) ROI % 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 % 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