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PNW, LLC reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $6,300,000 3,890,000

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PNW, LLC reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $6,300,000 3,890,000 2,410,000 2,032,000 $ 378,000 $3,000,000 Last year's turnover was closest to: Multiple Choice 0.06 2.10 16.67 0.48

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