The following information pertains to Voyager Company: $$\begin{array} { l r }
\text { Total assets } & \$ 150,000 \
\text { Total current liabilities } & 110,000 \
\text { Total expenses } & 70,000 \
\text { Total liabilities } & 115,000 \
\text { Total revenues } & 80,000
\end{array}$$ The income percentage of revenue is _____.
A)50%
B)12.5%
C)133%
D)75%

Question

The following information pertains to Voyager Company: $$\begin{array} { l r } 
\text { Total assets } & \$ 150,000 \
\text { Total current liabilities } & 110,000 \
\text { Total expenses } & 70,000 \
\text { Total liabilities } & 115,000 \
\text { Total revenues } & 80,000
\end{array}$$ The income percentage of revenue is _____.
A)50%
B)12.5%
C)133%
D)75%

Quizplus · Accepted Answer

The income percentage of revenue is calculated as (Total Revenues - Total Expenses) / Total Revenues * 100. Here, it's (80,000 - 70,000) / 80,000 * 100 = 10,000 / 80,000 * 100 = 12.5%.

The Following Information Pertains to Voyager Company The Income Percentage of Revenue Is _____