Question: Tod TB MC Qu. 11-112 (Static) Robichau Incorporated reported the... Robichau Incorporated reported the following results from last year's operations Sales $ 6,300,000 Variable expenses

 Tod TB MC Qu. 11-112 (Static) Robichau Incorporated reported the... Robichau
Incorporated reported the following results from last year's operations Sales $ 6,300,000

Tod TB MC Qu. 11-112 (Static) Robichau Incorporated reported the... Robichau Incorporated reported the following results from last year's operations Sales $ 6,300,000 Variable expenses 4,930,000 Contribution margin 1,370,000 Fixed expenses 803,000 Net operating income $ 567,000 Average operating assets $ 3,000,000 At the beginning of this year , the company has a $900,000 investment opportunity with the following characteristics: Sales $ 1,530,000 Contribution margin ratio 34 of sales Fixed expenses $ 306,000 The company's minimum required rate of return is 20% Last year's residual income was closest to: M Chance 3567000 1000 33.000 00

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