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

A) 15.75%
B) 19.65%
C) 17.55%
D) 19.52%

Question

Wright & Boyle Inc.had the following income statement for the month of May:
-  What was the operating income percent? (Note: Round your answer to two decimal places.)
 
A) 15.75% 
B) 19.65% 
C) 17.55% 
D) 19.52%

Quizplus · Accepted Answer

SUPPORTING CALCULATIONS:
Operating income percent = Operating income / Sales revenue
$91,891.60 / $470,800 = 19.52%