Verbeke Inc Last Year's Turnover Was Closest To:
A) 16

Multiple Choice

Verbeke Inc. reported the following results from last year's operations: $\begin{array}{lr}\text { Sales } & \$, 300,000 \\\text { Variable expenses } & 3,890,000 \\\text { Contribution margin } & 2,410,000 \\\text { Fixed expenses } & 2,032,000\\\text { Net operating income }& \$ 378,000 \\\text { Average operating assets }& \$ 3,000,000\end{array}$ Last year's turnover was closest to:

A) 16.67
B) 0.06
C) 2.10
D) 0.48