Katz Group Had the Following Income Statement for the Month

question 48

Multiple Choice

Katz Group had the following income statement for the month of May.
$\begin{array}{l}\text { Sales revenue } &&\$428,000\\\text { Cost of goods sold } &&205,440\\\text { Gross margin }&&222,560\\\text { Less: }\\&\text { Selling expenses }&81,320\\&\text { Administrative expenses }&72,760\\\text { Operating income }&&\$68,480\end{array}$
-Refer to the Figure.What was the operating income percentage?

• A)15%
• B)16%
• C)17%
• D)19%

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A social phenomenon in which individuals are less likely to help a victim when other people are present, often due to diffusion of responsibility or fear of intervention.

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