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

unde

Runyon Inc. reported the following results from last year's operations:

Sales

$

16,800,000

Variable expenses

12,230,000

Contribution margin

4,570,000

Fixed expenses

3,394,000

Net operating income

$

1,176,000

The company's average operating assets were $7,000,000.

Last year's turnover was closest to:

Please do not include the units in the answer.Round off to one place of decimal.

fined

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