Acct – westerville company | Accounting homework help
Westerville Company reported the following results from last years operations:Sales $1,000,000Variable Expenses $300,000Contribution Margin $700,000Fixed Expenses $500,000Net Operating Income: $200,000Average Operating Assets: $625,000This year the company has a $120,000 investment opportunity with the following cost and revenue characteristics:Sales $200,000Contribution Margin Ration 60% of salesFixed Expenses $90,000The company’s minimum required rate of return is 15%1. What is last year’s margin?2. What is last year’s turnover? Round […]
