Unit 7. Chapter 10 Assignment Save 1 Part 1 of 15 Required information The following information applies to the questions displayed below) Westerville Company reported the following results from last year's operations 10 points Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $1,400,000 510,000 890,000 610,000 $ 280,000 $ 875,000 Print At the beginning of this year, the company has a $175,000 investment opportunity with the following cost and revenue characteristics Sales Contribution margin ratio Fixed expenses $280,000 504 of sales $ 98,000 The company's minimum required rate of return is 15% Required: 1. What is last year's morgin? Margin 2. What is last year's turnover? (Round your answer our answer to 1 decimal place.) Tumor