Please calculate the amounts in the yellow boxes (Operating Income and Operating Income as a percentage of Sales).

B - Did the company do better in the current year or the previous year?

 

I (amount in thousands) Sales Cost of Goods Sold Gross Profit Wages 2 Utilities 3 Repairs 4 Selling 5 -6 17 Operating Income 18 Total expenses Maine Material Manufacturer Income Statement For the year ending Operating Income as a % of sales $ Current Year 50,000 28,000 22,000 8,775 675 169 506 10,125 $ Prior Year 45,000 22,000 23,000 6,188 250 325 200 6,963