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?

	Income Statement	Common-size Statement
Gross profit	$12,000,000	40%
General and administrative expense	$3,000,000	10%
Selling and marketing expense	$2,400,000	8%
Depreciation	$2,700,000	9%
Interest	$2,100,000	7%
Income taxes (25%)	$450,000	1.50%

Group of answer choices

8%

16%

13%

10%