Runyon Inc The Company's Average Operating Assets Were $7,000,000

question 135

Multiple Choice

Runyon Inc. reported the following results from last year's operations: $\begin{array}{lr}\text { Sales } & \$ 16,800,000 \\\text { Variable expenses } & 12,230,000 \\\text { Contribution margin } & 4,570,000 \\\text { Fixed expenses } & 3,394,000 \\\text { Net operating income } & \$ 1,176,000 \\\end{array}$ The company's average operating assets were $7,000,000.
Last year's turnover was closest to:

• A) 0.42
• B) 14.29
• C) 0.07
• D) 2.40

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Definitions:

Rhinoscopy

The examination of the nasal passages and the interior of the nose using a rhinoscope.

Nasal Passages

The channels in the nose through which air enters the body and is warmed and humidified before reaching the lungs.

Olfaction

The sense of smell or the act of smelling.

Smelling

The ability to perceive odors or scents through the olfactory system.