Analyze nestle csr initiative plan focuses on society issues
This is a CSR project, and choose to nestle as our company Note: Please give answer on mentioned words (must add intext citation) and required
What is last year margin
Assignment Instructions
Assignment ID: FG132602796
Westerville Company reported the following results from last year’s operations:
Sales$1,200,000
Variable expenses 420,000
Contribution margin 780,000
Fixed expenses 600,000
Net operating income$180,000
Average operating assets$600,000
At the beginning of this year, the company has a $137,500 investment opportunity with the following cost and revenue characteristics:
Sales $220,000
Contribution margin ratio 60% of sales
Fixed expenses$99,000
The company’s minimum required rate of return is 20%.
Required:
Question 1. What is last year’s margin?
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