Burnt T-Shirt Company sells a variety of T-shirts. Burnt presents the following data for its first two years of operations, 2018 and 2019. For simplicity, assume that all purchasing and selling costs are included in the average cost per T-shirt and that each customer buys one T-shirt.

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Data Table 2018 2019 Number of T-shirts purchased 240,000 285,000 Number of T-shirts lost 2,000 3,500 Number of T-shirts sold 238,000 281,500 Average selling price 27.50 $ 30.50 Average cost per T-shirt 11.50 $ 10.50 Administrative capacity in terms of number of customers that can be served 4,300 3,850 Administrative costs 1,161,000 $ 1,078,000 Administrative cost per customer $ 270 $ 280 Design staff 10 10 %24 Data Table 2018 2019 Number of T-shirts purchased 240,000 285,000 Number of T-shirts lost 2,000 3,500 Number of T-shirts sold 238,000 281,500 Average selling price 27.50 $ 30.50 Average cost per T-shirt 11.50 $ 10.50 Administrative capacity in terms of number of customers that can be served 4,300 3,850 Administrative costs 1,161,000 $ 1,078,000 Administrative cost per customer $ 270 $ 280 Design staff 10 10 %24

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1 Calculate Burnts operating Income in both 2018 and 2019 2018 2019 Revenue from the sale of TShirts ... View the full answer