Question: Based on the Income Statement below answer the following question: What is the Operating Income ratio for the year 2019? * for your answer round
Based on the Income Statement below answer the following question: What is the Operating Income ratio for the year 2019? * for your answer round to two decimals DO NOT use percentages, dollar signs nor commas. USE periods. i.e. (0.11) MY FACTORY INCORPORATED INCOME STATEMENT Fiscal Year (In thousands of dollars) 2019 2018 $2.284.911 $ 1.825344 Revenues Costs and expenses: Cost of sales Labor expenses Other greating costs and expenses General and administrative expenses. Depreciation and amortization expeng Impairmient of assets Preopening costs Total costs and expenses Income from operations Interest expense Interest Income Other (expense income net 583.008 637.565 456,975. 125.142 93545 2.011 13.179 454.141 490,649 342.128 105 302 79.354 5.668 -18.489 -6.393 1.095 -300 211 -557 Income before laxes Income tax provision 43.450 32.314 Net income
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