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4 Cirone Inc. reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $4,000,000
4 Cirone Inc. reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $4,000,000 $9,600,000 6,810,000 2,790,000 1,926,000 $ 864,000 Print At the beginning of this year, the company has a $1,200,000 investment opportunity with the following characteristics: Sales Contribution margin ratio Fixed expenses $4,200,000 30% of sales $ 966,000 If the company pursues the investment opportunity and otherwise performs the same as last year, the combined margin for the entire company will be closest to
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