Wright & Boyle Inc.had the following income statement for the month of May:
- What was the administrative expense percent? (Note: Round answer to two decimal places.)

A) 15.92%
B) 19.85%
C) 16.50%
D) 15.50%

Question

Wright & Boyle Inc.had the following income statement for the month of May:
-  What was the administrative expense percent? (Note: Round answer to two decimal places.)
 
A) 15.92% 
B) 19.85% 
C) 16.50% 
D) 15.50%

Quizplus · Accepted Answer

SUPPORTING CALCULATIONS:
Administrative expense percent = Administrative expenses percent / Sales revenue
$74,942.80 / $470,800 = 15.92%