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What the percentage relation of expense to total revenue

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Reference no: EM132494349

Haskins Inc. reported the following 2017 income statement ($ thousands):

2017

Total Revenue                                                     $550,460

Cost of Revenue                                                    262,810

Gross Profit                                                           287,650

Selling, General and Administrative Expenses                  95,740

Other Expenses                                                        22,780

Operating Income                                                    $169,130

Question 1: Forecast 2018 operating income assuming a 2% increase in sales. Assume that the 2017 percentage relation of expenses to total revenue continue to hold in 2018

Reference no: EM132494349

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