Question 10

1. Table 12-1 Bandroni Company Income Statement For Years Ended December 31, 2X10 and 2X09 2X10 2X09 Sales $900 $800 Less Cost of Goods Sold 470 440 Gross Profit $430 $360 Operating Expenses: Wage Expense $ 95 $ 90 Rent Expense 35 30 Miscellaneous Expense 20 15 Depreciation Expense 25 20 Total Operating Expenses $175 $155 Operating Income $255 $205 Less Other Expenses: Interest Expense 15 10 Income Before Tax $240 $195 Less Income Tax Expense 110 85 Net Income $130 $110 Referring to Table 12-1, what is the percentage increase or (decrease) in interest expense for Bandroni Company?

   		33.3%
   		50.0%
   		(50.0)%
   		(100.0)%
   		(33.3)%