Question: Consider the following Income Statement. Sales Variable expenses 6,000,000 Contribution margin 40% Fixed expenses:Traceable and controllable Segment performance margin 3,400,000 Fixed expenses:Traceable NOT controllable 11%

Consider the following Income Statement.

Sales

Variable expenses6,000,000
Contribution margin
40%
Fixed expenses:Traceable and controllable

Segment performance margin3,400,000
Fixed expenses:Traceable NOT controllable
11%
Segment margin

Fixed expenses: Common
3%
Net income

Turnover is 16. What are total assets?

Group of answer choices

$625,000

$10,000,000

$333,000

None of the other answers are correct

$500,000

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