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

---

Definitions:

Holder In Due Course

A holder in due course is a person who has acquired a negotiable instrument in good faith and for value, and thus has certain rights above the original parties to the instrument.

Stolen Check

A check that has been illegally taken from its rightful owner, potentially leading to unauthorized access to the owner’s bank account or financial loss.

Misspelled Name

An error in the spelling of an individual's or entity's name, potentially affecting legal documents or contracts.

Illegal

Activities or actions that are prohibited by law or statute, and can lead to penalties or other legal consequences.