Use the table for the question(s)below.
Consider the following income statement and other information:
-Luther's Operating Margin for the year ending December 31,2008 is closest to:
A)0.5%
B)0.7%
C)5.4%
D)6.8%

Name: Use the table for the question(s)below. Consider the following income statement and other information: -Luther's Operating Margin for the year ending December 31,2008 is closest to: A)0.5% B)0.7% C)5.4% D)6.8%
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Question

Use the table for the question(s)below.
Consider the following income statement and other information: 
-Luther's Operating Margin for the year ending December 31,2008 is closest to:
A)0.5% 
B)0.7% 
C)5.4% 
D)6.8%

Quizplus · Accepted Answer

C)Operating Margin = Operating Income/Sales
OM = 31.3/578.3 = .054 or 5.4%

Use the Table for the Question(s)below