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A company has a contribution margin of 25%. Sales are $600,000. Variable costs are $450,000. Net operating income is $80,000. Average operating assets are $250,000.
A company has a contribution margin of 25%.
Sales are $600,000.
Variable costs are $450,000.
Net operating income is $80,000.
Average operating assets are $250,000.
Total assets are $500,000.
Total fixed costs are $70,000
What is the company's turnover?
Group of answer choices
2.40
1.88
4.50
1.50
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