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10. Assume a company reported the following results: Sales Variable expenses Contribution margin $400,000 260,000 140,000 5 Fixed expenses Net operating income Average operating assets

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10. Assume a company reported the following results: Sales Variable expenses Contribution margin $400,000 260,000 140,000 5 Fixed expenses Net operating income Average operating assets 40,000 $100,000 $800,000 The turnover is closest to

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