Fairchild Group's Accountant Prepared the Following Income Statement for the Month

Essay

Fairchild Group's accountant prepared the following Income Statement for the month of August.
Required:
Fairchild Group
Income Statement
For the month of August
$\begin{array}{ll}\text { Sales revenue } & \$ 912,200 \\\text { Cost of goods sold } & 601,920 \\\text { Gross margin } & 310,080\\\text { Less: }\\\text { Selling expense } & 164,160 \\\text { Administrative expense } & 63,840 \\\text { Operating income } & \$ 82,080\end{array}$ A. Calculate the sales revenue percent.
B. Calculate the cost of goods sold percent.
C. Calculate the gross margin percent.
D. Calculate the selling expense percent.
E. Calculate the administrative expense percent.
F. Calculate the operating income percent.