Susan is a financial manager at Rvetz Corporation. She wants to evaluate the efficiency with which the company is using its resources. For this reason, she needs to calculate the operating margin from the information given below.

Net sales…………………………………………………….........….$3,500,000

Cost of goods sold………………………………………………....1,750,000

Office rent…………………………………………………………...........54,500

Selling expenses………………………………………………….......350,000

Interest expense…………………………………………………….......50,000

Other operating expenses…………………………………………..88,500

Which of the following will be the result?

(a). 38.4%

(b). 35.9%

(c). 64.1%

(d). 85.9%

Answer rating: 100% (QA)

b 359 Operating margin Opera... View the full answer