Question 2 (10 points)
Wong Window Cleaners's monthly income statement is the following:
July
August
September
Windows washed
3,000
2,000
1,000
Sales revenues
$9,000
$6,000
$3,000
Cost of goods sold
3,600
2,400
1,200
Gross margin
5,400
3,600
1,800
Operating expenses:
Advertising
600
600
600
Salaries
1,200
800
600
Other expenses
1,200
800
400
Operating income
2,400
1,400
200