EKPN Company Recorded the Following Operating Data What Is EKPN Company's Average Operating Assets for 2020?
A)$770,000

question 19

Multiple Choice

EKPN Company recorded the following operating data: $$\begin{array} { l l } \text { Sales } & \$ 1,250,000 \\\text { Contribution margin } & 485,000 \\\text { Total direct fixed costs } & 400,300 \\\text { Total operating assets Jan. 1, 2020 } & 750,000 \\\text { Total operating assets Dec. 31, 2020 } & 790,000 \\\text { EKPN Compary's desired return } & 12 \%\end{array}$$ What is EKPN Company's average operating assets for 2020?

• A)$770,000
• B)$750,000
• C)$790,000
• D)$150,000

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Definitions:

Start-up

A new business venture in its early stages, typically characterized by high uncertainty and potential for growth.

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A company in the early stages of its operations, often innovating in its industry or market with high growth potential.