The following is an extract from an income statement.
$
revenue 180000
costs of goods sold (75000)
distribution costs (8000)
administrative expenses (22000)
profit from operations 75000
debenture interest (2500)
profit for the year 72500
What was the operating expenses to revenue ratio?

Question

The following is an extract from an income statement.
$ 
revenue                             180000
costs of goods sold                 (75000)
distribution costs                  (8000)
administrative expenses             (22000)
profit from operations              75000
debenture interest                  (2500)
profit for the year                 72500
What was the operating expenses to revenue ratio?

Oracle Prep · Accepted Answer

The correct answer is A: 16.7%

The following is an extract from an income statement. $ revenue 180000 costs of goods sold (75000) distribution costs (8000) administrative expenses (22000) profit from operations 75000 debenture interest (2500) profit for the year 72500 What was the operating expenses to revenue ratio?

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