Sagar Cirone Incorporated reported the following results from last year's operations:$ 9,600,0006,810,0002,790,0001,926,000Fixed expensesNet operating income$ 864,000Average operating assets$ 4,000,000At the beginning of this year, the company has a $1,200,000 investment opportunity with the following characteristics:$ 4,200,000SalesVariable expensesContribution marginSalesContribution margin ratioFixed expenses$ 966,000If the company pursues the investment opportunity and otherwise performs the same as last year, the combined margin for the entire company will be closest to:Multiple ChoiceOO3.1%12.1%8.4%6.3%30% of sales

Accounting ratios are financial ratios through which a company can analyze its performance in terms…

Cirone Incorporated reported the following results from last year's operations: $ 9,600,000 6,810,000 2,790,000 1,926,000 $ 864,000 $4,000,000 Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets At the beginning of this year, the company has a $1,200,000 investment opportunity with the following characteristics: Sales Contribution margin ratio Fixed expenses $ 966,000 If the company pursues the investment opportunity and otherwise performs the same as last year, the combined margin for the entire company will be closest to: Multiple Choice O O O O 3.1% 12.1% 8.4% $4,200,000 6.3% 30% of sales