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Runyon Incorporated reported the following results from last year's operations: Sales $ 16,800,000 Variable expenses Contribution margin 12,230,000 4,570,000 3,394,000 $ 1,176,000 Fixed expenses Net
Runyon Incorporated reported the following results from last year's operations: Sales $ 16,800,000 Variable expenses Contribution margin 12,230,000 4,570,000 3,394,000 $ 1,176,000 Fixed expenses Net operating income The company's average operating assets were $7,000,000. Last year's turnover was closest to: Multiple Choice O O 0.42 14.29 0.07 2.40 10
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