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Is there an industry standard for a ratio percentage of income to expense. I am analyzing some of our numbers from 2010 and I am trying to find out if we are close to average.
Our expenses are running approximately 69% of our income.
Any help is appreciated.
Based on the 2010 Annual Survey, respondents were reporting total operating expenses as approximately 77% of AGI. This was up from 66% the previous year.
Drop me a note if you'd like to discuss.
Thanks so much, Laurie. I guess we are doing pretty good then. :)
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