In 2018,Target Corp.reported sales of $71.9 billion,cost of goods sold of $51.1 billion,operating profit of $4.3 billion,and net income of $2.9 billion.Target has no preferred stock outstanding.It's operating profit margin that year was ________.

Question

Quizplus · Accepted Answer

Operating profit margin = Operating profit / Sales 
Operating profit margin = 4.3 / 71.9 
Operating profit margin = 0.0598 (rounded to 6.0%)

Therefore, the correct answer is D) 6.0%.