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Youns IncReported the Following Results from Last Year's Operations

Question 96

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Youns Inc.reported the following results from last year's operations:
Youns Inc.reported the following results from last year's operations:   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: A)  9.50 B)  1.64 C)  2.66 D)  2.08 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:


A) 9.50
B) 1.64
C) 2.66
D) 2.08

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