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13. Runyon inc reported the following results from last year's operations: 13 Sales Variable expenses Contribution margin $16,800, 000 12, 230, 000 4, 570, 00e

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Runyon inc reported the following results from last year's operations: 13 Sales Variable expenses Contribution margin $16,800, 000 12, 230, 000 4, 570, 00e 3, 394, 000 Fixed expenses Net operating income 1,176,000 The company's average operating assets were $7,000,000. Last year's turnover was closest to Multiple Choice

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