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Gauntlett Inc. reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets 5,e90,000 $12,000,000

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Gauntlett Inc. reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets 5,e90,000 $12,000,000 9,580,000 2,420,000 1,460,000 $960,00 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 $4,680,0e0 50% of sales $2,059, 200 Last year's turnover was closest to Multiple Choice 0 12.50 O 008 O 042 O 240

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