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Posted: **Wed Apr 27, 2022 11:16 am**

: Serie Incorporated Reported The Following Results From Last Year S Operations Sales 16 800 000 Variable Expenses 10 6 1 (22.23 KiB) Viewed 72 times

: Serie Incorporated Reported The Following Results From Last Year S Operations Sales 16 800 000 Variable Expenses 10 6 2 (18.25 KiB) Viewed 72 times

Serie Incorporated reported the following results from last year's operations: Sales $ 16,800,000 Variable expenses 10,640,000 Contribution margin 6,160,000 Fixed expenses 5,488,000 Net operating income $ 672,000 Average operating assets $ 7,000,000 At the beginning of this year, the company has a $2,100,000 investment opportunity with the following characteristics: Sales Contribution margin ratio Fixed expenses Last year's margin was closest to $ 2,520,000 50% of sales $ 1,108,800 Multiple Choice 6735 o 96%
Last year's margin was closest to: Multiple Choice 67.3% 96% О. 36.7% 4.0%