Figure 2-3. Bartlow,Inc.had the following income statement for the month of May.
Refer to Figure 2-3.What was the selling expense percent?
A)17%
B)19%
C)16%
D)no correct answer

Question

Figure 2-3. Bartlow,Inc.had the following income statement for the month of May.
 Refer to Figure 2-3.What was the selling expense percent?
A)17% 
B)19% 
C)16% 
D)no correct answer

Quizplus · Accepted Answer

Selling expense percentage is calculated by dividing selling expenses by net sales (in thousands) and multiplying by 100. 
Thus, Selling Expense Percentage = (308/1630) x 100 = 18.9%, which is closest to option B.