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