A financial analyst for Simon Manufacturing prepared the following report:CustomersCustomer-Level Operating IncomeCustomer RevenueA$5041.00$26,250B$4202.00$30,000C$3368.00$15,000D$1069.50$7,300E$984.80$5,100F$844.80$4,400G$336.60$1,800H$252.00$4,500I($168.00)$2,400J($676.00)$2,600What is the cumulative customer-level operating income as a percentage of customer level operating income for the top 4 most profitable (operating income) customers?1) 17.4%2) 89.7%3) 85.0%4) 79.1%

Cumulative Operating Income means the net income of the Borrower and its Subsidiaries plus…

Answered: A financial analyst for Simon…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A financial analyst for Simon Manufacturing prepared the following report:

Customers	Customer- Level Operating Income	Customer Revenue
A	$5041.00	$26,250
B	$4202.00	$30,000
C	$3368.00	$15,000
D	$1069.50	$7,300
E	$984.80	$5,100
F	$844.80	$4,400
G	$336.60	$1,800
H	$252.00	$4,500
I	($168.00)	$2,400
J	($676.00)	$2,600

What is the cumulative customer-level operating income as a percentage of customer level operating income for the top 4 most profitable (operating income) customers?

1) 17.4%

2) 89.7%

3) 85.0%

4) 79.1%

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