A Firm Has Net Sales of $65,000, Operating Expenses of $21,300

question 95

Multiple Choice

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%
• B)2.6%
• C)3.4%
• D)9.2%
• E)10.3%

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Definitions:

Italy

A country in Southern Europe, known for its rich history, art, culture, and influential role in the world economy and politics.

Applied Research

Research that seeks answers to particular questions or to apply scientific discoveries to develop specific products.

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The search for knowledge without regard to how that knowledge will be used.

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