A firm has net sales of $65,000, operating expenses of $21,300, depreciation of $5,000, cost of goods sold of $37,000, and interest expense of $3,500. What is the operating margin?
A) -2.8 percent
B) 2.6 percent
C) 4.9 percent
D) 9.2 percent
E) 10.3 percent
Correct Answer:
Verified
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