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Asked: April 10, 2022In: Accounting

Westerville company reported the following results from last year’s operations

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Westerville Company reported the following results from last year’s operations:   Sales $ 1,400,000       Variable expenses 680,000       Contribution margin 720,000       Fixed expenses 440,000       Net operating income $ 280,000       Average operating assets $ 875,000     This year, the company has a $300,000 investment opportunity with the following cost and revenue characteristics:   Sales $ 480,000   Contribution margin ratio 80 % of ...

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