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Runyon Inc. reported the following results from last year's operations Sales Variable expenses Contribution margin Fixed expenses Net operating income $16,800,ee0 12,230,000 4,570,000 3,394,000 1,176,000

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Runyon Inc. reported the following results from last year's operations Sales Variable expenses Contribution margin Fixed expenses Net operating income $16,800,ee0 12,230,000 4,570,000 3,394,000 1,176,000 The company's average operating assets were $7,000,000

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