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Help with answers to higher areas A B C D E Year Year (amount in thousands) Sales 50,000 30,000 Cost of Goods Sold 27,500 14,500

Help with answers to higher areas

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A B C D E Year Year (amount in thousands) Sales 50,000 30,000 Cost of Goods Sold 27,500 14,500 Gross Profit 22,500 15,500 Wages 9,000 6,200 Utilities 675 700 Repairs 250 325 Selling 500 300 Total expenses 10,425 7,525 7 Operating Income 8 Operating Income as a % of sales .0 Total assets (investment base) 5,000 2,500 22 Please calculate the following 23 Operating Income 24 Operating income as a percent of sales 25 Return on investment 26 27 28 Resic

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