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Waterway Company recorded the following operating data: Sales $1249500 Contribution margin 485000 Total direct fixed costs 400300 Total operating assets Jan. 1, 2020 750000 Total

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Waterway Company recorded the following operating data: Sales $1249500 Contribution margin 485000 Total direct fixed costs 400300 Total operating assets Jan. 1, 2020 750000 Total operating assets Dec. 31, 2020 789500 Waterway Company's desired return 8% What is Waterway Company's average operating assets for 2020? $769750 $750000 $789500 $99960

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