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Asked by dwatson226
Haskins Inc. reported the following 2017 income statement ($...
Haskins Inc. reported the following 2017 income statement ($ thousands):
(1 point)
2017
Total Revenue
$550,460
Cost of Revenue
262,810
Gross Profit
287,650
Selling, General and Administrative Expenses
95,740
Other Expenses
22,780
Operating Income
$169,130
Forecast 2018 operating income assuming a 2% increase in sales. Assume that the 2017 percentage relation of expenses to total revenue continue to hold in 2018
Solved by verified expert
Answered by dinamarcanete
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