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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Definitions:

GDP

Gross Domestic Product, the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

OEM

Original Equipment Manufacturer, referring to companies that produce parts or equipment that may be marketed by another manufacturer.

GNI

Gross National Income, which is the total domestic and foreign output claimed by residents of a country, including salaries, product earnings, and property income.

4Ps

An alternative phrasing for the Four Ps, emphasizing the marketing mix elements used to position and sell products and services effectively.