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2014 2013 2012 Sales $178,400 $162,500 $155,500 Cost of Goods Sold $15,000 $102,500 $100,000 Operating Expense $50,000 $50,000 $45,000 Net Income $13,400 $10,000 $10,500 In
| 2014 | 2013 | 2012 | ||
| Sales | $178,400 | $162,500 | $155,500 | |
| Cost of Goods Sold | $15,000 | $102,500 | $100,000 | |
| Operating Expense | $50,000 | $50,000 | $45,000 | |
| Net Income | $13,400 | $10,000 | $10,500 | |
| In a common size income statement for 2014, the operating expenses are expressed as | ||||
| A. | ||||
| 43.80% | ||||
| B. | ||||
| 111.11% | ||||
| C. | ||||
| 30.30% | ||||
| D. | ||||
| 28.00% | ||||
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino
7th Canadian Edition
1259650650, 978-1259650659
