Youns Inc. reported the following results from last year's operations: Sales Variable expenses Contribution margin...
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Youns Inc. reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 10,500,000 6,610,000 3,890,000 3,260,000 $ 630,000 The company's average operating assets were $5,000,000. At the beginning of this year, the company has a $1,400,000 investment opportunity that involves sales of $2,800,000, fixed expenses of $616,000, and a contribution margin ratio of 30% of sales. If the company pursues the investment opportunity and otherwise performs the same as last year, the combined turnover for the entire company will be closest to: Multiple Choice 9.50 1.64 2.66 2.08 Leete Inc. reported the following results from last year's operations: 8 Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 14,000,000 9,660,000 4,340,000 2,940,000 $ 1,400,000 Last year's margin was closest to: Multiple Choice 79.0% 31.0% 20.0% 10.0%
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