EKPN Company Recorded the Following Operating Data What Is EKPN Company's Average Operating Assets for 2016?
A)$770,000

question 62

Multiple Choice

EKPN Company recorded the following operating data: $$\begin{array} { l r } \text { Sales } & \$ 1,250,000 \\\text { Contribution margin } & 485,000 \\\text { Total direct fixed costs } & 400,300 \\\text { Total operating assets Jan. 1, 2016 } & 750,000 \\\text { Total operating assets Dec. 31, 2016 } & 790,000 \\\text { EKPN Company's desired return } & 12 \%\end{array}$$ What is EKPN Company's average operating assets for 2016?

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

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