Question: Help with the highlights and A&B O U w LL I Maine Material Manufacturer Income Statement For the year ending Current Prior Year Year (amount

Help with the highlights and A&B

O U w LL I Maine Material Manufacturer Income Statement For the year ending Current Prior Year Year (amount in thousands) Sales 50,000 45,000 Cost of Goods Sold 28,000 22,000 Gross Profit 22,000 23,000 Wages 8,775 6,188 Utilities 675 250 Repairs 169 325 Selling 506 200 Total expenses 10,125 6,963 Operating Income Operating Income as a % of sales A - Please calculate the amounts in the yellow boxes (Operating Income and Operating Income as a percentage of Sales) B - Did the company do better in the current year or the previous year? V

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