Reference no: EM132501795

Great Pets provides pet walking services in the local community. In October, the following operating costs were incurred to walk 250 pets.

Wages expense                                  $2,400
Supplies                                             600
Telephone expense                                 500
Miscellaneous expense                              50

Question 1: Great Pets earned $7,500 in revenues from pet walking for the month of October. What is the ratio of operating expense to total revenue?

Option 1: 47%

Option 2: 100%

Option 3: 53%

Option 4: 25%