Ballard Company supplied the following information for the month of December. $$\begin{array} { l r }
\text { Operating income percentage } & 10.5 \% \
\text { Gross margin percentage } & 30 \%
\end{array}$$ Required: Solve for the following amounts assuming that Ballard Company's operating income in December was $44,100. A. $\quad$sales revenue
B. $\quad$cost of goods sold
C. $\quad$total selling and administrative expenses

Question

Ballard Company supplied the following information for the month of December. $$\begin{array} { l r } 
\text { Operating income percentage } & 10.5 \% \
\text { Gross margin percentage } & 30 \%
\end{array}$$ Required: Solve for the following amounts assuming that Ballard Company's operating income in December was $44,100. A. $\quad$sales revenue
B. $\quad$cost of goods sold
C. $\quad$total selling and administrative expenses

Quizplus · Accepted Answer

The Answer of Ballard Company supplied the following information for the month of December. $$\begin{array} { l r } 
\text { Operating income percentage } & 10.5 \% \
\text { Gross margin percentage } & 30 \%
\end{array}$$ Required: Solve for the following amounts assuming that Ballard Company's operating income in December was $44,100. A. $\quad$sales revenue
B. $\quad$cost of goods sold
C. $\quad$total selling and administrative expenses

Ballard Company Supplied the Following Information for the Month of December