FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Here's the income statement from a small company for Q2 2022 (values in dollars):
Q2 2022
Q2 2021
$695,925
$683,641
Revenue
Operating expenses:
-Production
-Sales & marketing
-Development
-General &
administrative
$60,198
$72,474
$64,503
$61,669
$80,133
$72,503
$67,786
$90,229
By what percentage did income from operations (revenue less operating expenses) change from Q2 2021 to Q2 2022? Please express your answer as a percentage (e.g
not 0.321), and round to a tenth of a percentage point.
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Transcribed Image Text:Here's the income statement from a small company for Q2 2022 (values in dollars): Q2 2022 Q2 2021 $695,925 $683,641 Revenue Operating expenses: -Production -Sales & marketing -Development -General & administrative $60,198 $72,474 $64,503 $61,669 $80,133 $72,503 $67,786 $90,229 By what percentage did income from operations (revenue less operating expenses) change from Q2 2021 to Q2 2022? Please express your answer as a percentage (e.g not 0.321), and round to a tenth of a percentage point.
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