Westerville Company reported the following resuits from last year's operations: Sales Variable expenses Contribution margin...
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Westerville Company reported the following resuits from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income S 1,400,80 680.00e 728,008 440,880 280,800 Average operating assets875,0 At the beginning of this year, the company has a $300.000 investment opportunity with the following cost and revenue characteristics s 480,000 Sales contribution margin ratio Fixed expenses 88% of sales s 336,80e The company's minimum required rate of return is 15% 12. What is the residual income of this year's investment opportunity
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