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 Multiple Choice 16 67 0 06 0 28 3 60 Gauntlett Inc reported the following results from last year's operations Sales variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $12,000,000 9,580,000 2,420,000 1,460,000 $960,000 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 50 of sales $2,059,200 The turnover for this year's investment opportunity considered alone is closest to Multiple Choice 16 67 006 O 028 360

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Posted on Sep 15, 2024

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

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:

Multiple Choice

16.67

0.06

0.28

3.60 image text in transcribed

Gauntlett Inc. reported the following results from last year's operations: Sales variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $12,000,000 9,580,000 2,420,000 1,460,000 $960,000 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 50% of sales $2,059,200 The turnover for this year's investment opportunity considered alone is closest to: Multiple Choice 16.67 006 O 028 360