Rinaldo & Sons buys T-shirts in bulk, applies its own trendsetting silk screen designs, and then sells the T-shirts to a number of retailers. Rinaldo wants to be known for its trendsetting designs, and it wants every teenager to be seen in a distinctive Rinaldo T-shirt. Rinaldo presents the following data for its first two years of operations, 2016 and 2017 (Click the icon to view the data.) More Info Read the requirements Requirement 1. Calculate Rinaldo's operating Revenues 2 3 Costs Direct material costs Number of T-shirts purchased Number of T-shirts discarded Number of T-shirts sold (row 1. row 2) Average selling price Average cost per T-shirt Administrative capacity (number of customers) Administrative costs Administrative cost per customer (row 7 / row 6) 2016 217,350 10,360 207,000 34,00 $ 19.00 $ 4.900 1,911,000 5 390 2017 250,000 12,500 246,500 35.00 17.00 4,650 1,860,000 400 Administrative costs Total costs 5 6 7 Operating income 8 Choose from any list or enter any number Administrative costs depend on the number of customers Rinaldo has created capacity to support, not on the actual number of customers served. Rinaldo had 4,500 customers in 2016 and 4,400 customers in 2017 Rinaldo & Sons buys T-shirts in bulk, applies its own trendsetting silk screen designs, and then sells the T-shirts to a number of retailers. Rinaldo wants to be known for its trendsetting designs, and it wants every teenager to be seen in a distinctive Rinaldo T-shirt. Rinaldo presents the following data for its first two years of operations, 2016 and 2017 (Click the icon to view the data.) More Info Read the requirements Requirement 1. Calculate Rinaldo's operating Revenues 2 3 Costs Direct material costs Number of T-shirts purchased Number of T-shirts discarded Number of T-shirts sold (row 1. row 2) Average selling price Average cost per T-shirt Administrative capacity (number of customers) Administrative costs Administrative cost per customer (row 7 / row 6) 2016 217,350 10,360 207,000 34,00 $ 19.00 $ 4.900 1,911,000 5 390 2017 250,000 12,500 246,500 35.00 17.00 4,650 1,860,000 400 Administrative costs Total costs 5 6 7 Operating income 8 Choose from any list or enter any number Administrative costs depend on the number of customers Rinaldo has created capacity to support, not on the actual number of customers served. Rinaldo had 4,500 customers in 2016 and 4,400 customers in 2017