The extract below comes from an income statement. revenue $180000$ cost of goods sold $(75000)$ distribution costs $(8000)$ administrative expenses $(22000)$ profit from operations $75000$ debenture interest $(2500)$ profit for the year $72500$ What was the ratio between operating expenses and revenue?
- A$16.7\%$
- B$18.1\%$
- C$58.3\%$
- D$59.7\%$