Question

A firm has net sales of $65,000, operating expenses of $21,300, depreciation of $5,000, cost of goods sold of $36,500, and interest expense of $4,500. What is the operating margin?
A. -2.8 percent
B. 2.6 percent
C. 3.4 percent
D. 9.2 percent
E. 10.3 percent

Answer

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