Required information The following information applies to the questions displayed below Westerville Company reported the...
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Required information The following information applies to the questions displayed below Westerville Company reported the following results from last years operations Sales Variable expenses Contribution margin s 1,800,00e Fixed expenses Net operating income Average operating assets 1,064,000 90,800 $360,000 1,200,800 At the beginning of this year, the company hos a $400,000 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses S 600,000 60% of sales s 288,00e The company's minimum required rate of return is 10% 8. if the compeny pursues the investment opportunity and otherwise performs the same as lest year, what turnover will it earn this year? (Round your answer to 2 decimal places.)
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