Exhibit 5-2 The Following Is an Income Statement from the Financial Records

question 127

Multiple Choice

Exhibit 5-2
The following is an income statement from the financial records of Peace, Love and Joy Company for the year ended December 31, 2015:
-Refer to Exhibit 5-2. Compute operating margin for Peace, Love, and Joy Company.

• A) 14.25%
• B) 19.65%
• C) 20.36%
• D) 21.64%

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