Assume a company’s Income Statement for Year 12 is as follows: Year 12 in 000s Income Statement

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Assume a companys Income Statement for Year 12 is as follows: Year 12 in 000s Income Statement Data Net Revenues from Footwear Sales Cost of Pairs Sold Warehouse Expenses Marketing Expenses Administrative Expenses Operating Profit (Loss) Interest Income (expenses) Pre-tax Profit (Loss) Income Taxes Net Profit (Loss 200,000 17,000 45,000 8,000 50,000 (10,000) 40,000 12,000 28,000 Based on the above data, which of the following statements is false? Administrative expenses are 2.5% of net revenues. 0 Cost of pairs sold are 62.5% of net revenues. O Interest expenses are 3.6% of net revenues. Warehouse expenses are 5.3% of net revenues. Marketing costs are 14.1 % of net revenues. Copying, redistr buting, or website posting is expressly proh bited and constitutes copyright violation. Copyright&2018 by Glo-Bus Software,Inc

Assume a company's Income Statement for Year 12 is as follows: Year 12 in 000s Income Statement Data Net Revenues from Footwear Sales Cost of Pairs Sold Warehouse Expenses Marketing Expenses Administrative Expenses Operating Profit (Loss) Interest Income (expenses) Pre-tax Profit (Loss) Income Taxes Net Profit (Loss 200,000 17,000 45,000 8,000 50,000 (10,000) 40,000 12,000 28,000 Based on the above data, which of the following statements is false? Administrative expenses are 2.5% of net revenues. 0 Cost of pairs sold are 62.5% of net revenues. O Interest expenses are 3.6% of net revenues. Warehouse expenses are 5.3% of net revenues. Marketing costs are 14.1 % of net revenues. Copying, redistr buting, or website posting is expressly proh bited and constitutes copyright violation. Copyright&2018 by Glo-Bus Software,Inc

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