Accounting The financial statements of Wilson Company include the following data

Question

Accounting The financial statements of Wilson Company include the following data: 2016 $ 185,000 74,000 55,500 Cast od Goods Sold Openating Expenses Net Cash Procided rom Operating Acevities Net lacom 55,500 13,000 Earzings per Share Wilson Company Balance Sheet December 31 Assets $142,900 34,300 83,800 340,400 261,000 121,000 221,700 38,400 80,300 Cash Accoun! Receivable, Toral Curent Assets Plant Asses. 104,000 444,400 382,000 Total Assets Liabilities and Stockholders' Equiry Curreer Liabiliries $43,000 60,000 103,000 227,000 212,000 67,000 279,000 444.400 $382 000 10%Bonds payable Totel Liabline $42,900 65,000 107,900 erined Earming 109,500 Toral Stockholders' Equity Toral Liablities and Stockhoiders Equity 336,500 Required: Compute the operating expenses to sales ratio for 2016. Round your answer to the nearest percentage. (If necessary, consult a ist Operating expenses to sailes ranio.

Explanation / Answer

Operating Expenses to sales ratio Operating Expenses/Sales Operating Expenses (A) $55,500 Sales (B) $185,000 Operating Expenses to sales ratio (C=A/B) 30.0%

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