Assume a company's Income Statement for Year 12 is as follows:
Income Statement Data_____________________________ Year 12(in 000s)
Net Revenues from Footwear Sales......................................$ 280,000
Cost of Pairs Sold............................................................150,000
Warehouse Expenses..........................................................15,000
Marketing Expenses...........................................................35,000
Administrative Expenses......................................................8,000
Operating Profit (Loss) ...................................................... 72,000
Interest Income (expenses) ................................................(10,000)
Pre-tax Profit (Loss) .........................................................62,000
Income Taxes..................................................................18,600
Net Profit (Loss) ............................................................$ 43,400
Based on the above data, which of the following statements is false?
a) Cost of pairs sold are 53.6% of net revenues.
b) Interest expenses are 3.6% of net revenues.
c) Marketing costs are 10.9% of net revenues.
d) Warehouse expenses are 5.4% of net revenues.
e) Administrative expenses are 2.9% of net revenues