Examples: . Runyon Inc. reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 16,800,000 12,230,000 4,570,000 3,394,000 S 1,176,000 The company's average operating assets were $7,00,000. What is the turnover rate? Turnover-Sales/Average Operating Assets $16,800,000/ $7,000,000-2.4 times Examples: . Runyon Inc. reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 16,800,000 12,230,000 4,570,000 3,394,000 S 1,176,000 The company's average operating assets were $7,00,000. What is the turnover rate? Turnover-Sales/Average Operating Assets $16,800,000/ $7,000,000-2.4 times