Question
Here's the income statement from a small company for Q2 2022 (dollar values in thousands of dollars): Q2 2022 Q2 2021 Revenue $602,609 $646,782 Operating
Here's the income statement from a small company for Q2 2022 (dollar values in thousands of dollars):
| Q2 2022 | Q2 2021 | |
| Revenue | $602,609 | $646,782 |
| Operating expenses: | ||
| -Production | $95,749 | $54,925 |
| -Sales & marketing | $62,732 | $68,551 |
| -Development | $95,578 | $55,124 |
| -General & administrative | $65,477 | $92,884 |
By what percentage did income from operations (revenue less operating expenses) change from Q2 2021 to Q2 2022? Please express your answer as a percentage (e.g. 32.1%, not 0.321), and round to a tenth of a percentage point.
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
14th Edition
978-0132960649, 132960648, 132109174, 978-0132109178
