Question
A financial analyst for Simon Manufacturing prepared the following report: Customers CustomerLevel Operating Income Customer Revenue A $5,567.00 $26,250 B $4,518.00 $30,000 C $3,560.00 $15,000
A financial analyst for Simon Manufacturing prepared the following report:
| Customers | CustomerLevel Operating Income | Customer Revenue |
| A | $5,567.00 | $26,250 |
| B | $4,518.00 | $30,000 |
| C | $3,560.00 | $15,000 |
| D | $1,639.50 | $7,300 |
| E | $984.80 | $5,100 |
| F | $844.80 | $4,400 |
| G | $336.60 | $1,800 |
| H | $252.00 | $4,500 |
| I | ($168.00) | $2,400 |
| J | ($676.00) | $2,600 |
What is the cumulative customerlevel operating income as a percentage of customer level operating income for the top 4 most profitable (operating income) customers?
A. 86.3% B. 19.5% C. 79.1% D. 90.7%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th edition
1118096894, 978-1-11921511, 978-1118096895
