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Use your knowledge of income statements and common-size statements, what is the operating income amount in the common-size statement based on the information below? (Choose
Use your knowledge of income statements and common-size statements, what is the operating income amount in the common-size statement based on the information below? (Choose the nearest value) Income Common-size Statement Statement Gross profit $729,000 25.34594% General and administrative expense $250,000 8.69202% Selling and marketing expense $140,000 4.86753% Depreciation $110,000 3.82449% Interest $132,000 4.58939% Income taxes (25%) $24,250 0.84313% a. 7.96% Ob.3.37% Oc. 2.53% d. 8.68%
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