Question: The contribution format income statement for Westex, Inc., for its most recent period is given below: Total Unit Sales $ 1,002,000 $ 50.10 Variable expenses

The contribution format income statement for Westex, Inc., for its most recent period is given below:
Total Unit
Sales $ 1,002,000 $ 50.10
Variable expenses 601,200 30.06
Contribution margin 400,800 20.04
Fixed expenses 322,800 16.14
Net operating income 78,000 3.90
Income taxes @ 40% 31,200 1.56
Net income $ 46,800 $ 2.34
The company had average operating assets of $493,000 during the period.
Required:
1.

Compute the company

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