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What relation of expenses to total revenue continue to hold

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Reference no: EM132493030

Haskins Inc. reported the following 2017 income statement ($ thousands):

                                                                                 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

Question 1: 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.

Reference no: EM132493030

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