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Westerville Company reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income. Average operating assets Margin At
Westerville Company reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income. Average operating assets Margin At the beginning of this year, the company has a $137,500 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses Required: 1. What is last year's margin? $ 1,200,000 420,000 780,000 600,000 $ 180,000 $ 600,000 The company's minimum required rate of return is 20%. % $ 220,000 60 $ 99,000 of sales
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