Question

The following are the income statements for A and B Companies. 9 1.66 points Revenue Cost of goods sold Gross margin Operating expenses Net income A B $ 70,000 $ 76,000 49,000 49,000 21,000 30,400 9,500 12,500 $ 11,500 17,900 01:44:46 What are the net income percentages for the above companies? Multiple Choice 30%: 40% 1.83%; 170% 16.4%: 23.6% 6.09%: 4.25%

Answer 1

Net income percentages:

particulars. A B

Net income. $11,500 $17,900

Revenue. $70,000 $76,000

Net income percentage. 16.4% 23.6%

​​​​​​ : { Net income / Revenue }

Therefore, option " c " is correct.