Gauntlett Incorporated reported the following results from last year$$s 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 $ $2,059,200$

Last year's turnover was closest to:

Multiple Choice

$0\mathrm{.}08$

$0\mathrm{.}42$

$12\mathrm{.}50$

$2\mathrm{.}40$