Mail - PAIGE BERGER - Outlook X (McGraw-Hill Connect X Question 5 - Chapter 11 Quiz (requir X + O & https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252Fy E i Getting Started N Netflix Apple iCloud f Facebook Twitter W Wikipedia @ Yahoo News Popular Other Bookmarks apter 11 Quiz (required) i Saved Help Save & Exit Submit 5 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 00:52:56 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