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Posted on Jul 24, 2024

Wright & Boyle Inc. had the following income statement for the month of May: Sales revenue$470,800.00Cost of goods sold217,766.40Gross margin$253,033.60Less:Selling expenses86,199.20Administrative expenses74,942.80Operating income$91,891.60 What was

Wright & Boyle Inc. had the following income statement for the month of May:
Sales revenue$470,800.00Cost of goods sold217,766.40Gross margin$253,033.60Less:Selling expenses86,199.20Administrative expenses74,942.80Operating income$91,891.60
What was the sales revenue percent?

a. 48%

b. 52%

c. 100%

d. 16%

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