Gauntlett Inc. reported the following results from last years operations:

Sales	$	12,000,000
Variable expenses		9,580,000
Contribution margin		2,420,000
Fixed expenses		1,460,000
Net operating income	$	960,000
Average operating assets	$	5,000,000

At the beginning of this year, the company has a $1,300,000 investment opportunity with the following characteristics:

Sales	$	4,680,000
Contribution margin ratio		50	% of sales
Fixed expenses	$	2,059,200

The turnover for this years investment opportunity considered alone is closest to:

Gauntlett Inc. reported the following results from last year's operations 18 Sales Variable expenses contribution margin $12,000,000 9,580,000 2,420,000 1,460,000 S 960, 000 01:04:16) Fixed expenses let operating income Average operating assets 5,000, 000 At the beginning of this year, the company has a $1,300,000 investment opportunity with the following characteristics: Sales Contribution margin ratio Fixed expenses $4,680,000 50t of sales $2,059, 200 The turnover for this year's investment opportunity considered alone is closest to Multiple Choice 0 1557 O 008 O 028 360