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  3. 1. runyon inc. reported the following results from

1. Runyon Inc. reported the following results from last years operations: ...

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Accounting

1. Runyon Inc. reported the following results from last years 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 companys average operating assets were $7,000,000.

Last year's turnover was closest to:

Multiple Choice

14.29

0.07

0.42

2.40

2. Verbeke Inc. reported the following results from last years operations:

Sales $ 6,300,000
Variable expenses 3,890,000
Contribution margin 2,410,000
Fixed expenses 2,032,000
Net operating income $ 378,000
Average operating assets $ 3,000,000

Last year's turnover was closest to:

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