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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