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Deshpande Inc reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets Last year's turnover was closest to: 16.67 0.06 2.10 ○ 0.48 $6,300,000 3,890,000 2,410,000 2,032,000 378,000 3,000,000

Deshpande Inc reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets Last year's turnover was closest to: 16.67 0.06 2.10 ○ 0.48 $6,300,000 3,890,000 2,410,000 2,032,000 378,000 3,000,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Deshpande Inc reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets Last year's turnover was closest to: 16.67 0.06 2.10 ○ 0.48 $6,300,000 3,890,000 2,410,000 2,032,000 378,000 3,000,000
Transcribed Image Text:Deshpande Inc reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets Last year's turnover was closest to: 16.67 0.06 2.10 ○ 0.48 $6,300,000 3,890,000 2,410,000 2,032,000 378,000 3,000,000
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