and valley State Universn hapter 11 Homework 5 0 Required information The foowin

Question

and valley State Universn hapter 11 Homework 5 0 Required information The foowing information applies to the questions displayed below Westerville Company reported the following results from last year's operations 0 Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $1,500,809 1,909,000 300,600 $1,000,eee 700 , ??? At the beginning of this year, the company has a $200,000 investment opportunity with the following cost and revenue characteristics Sales Contribution margin $300,000 6e% of sales Fixed expenses $132,e09 The company's minimum required rate of return is 10% 5 What is the turnover related to this year's investment opportunity? (Round your answer to 1 decimal place.) ,

Explanation / Answer

Turnover Related to This years opportuinity = Sales/Investment Required = 300,000/200,000 = 1.5

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