Based on the information, the operating profit margin would be

A 32.4%

B 28.1%

C 17.5%

D 44.8%

Garland Company Balance Sheet Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets $500,000 800,000 50,000 1,350,000 $2,700,000 5,000,000 Less: accum. depr. (2,000,000) Net fixed assets Total assets $3,000,000 $5,700,000 Liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term debt Owner's equity Total liabilities and owner's equity $5,700,000 $400,000 900,000 75,000 $1,375,000 1,200,000 3,125,000 $8,000,000 (3,500,000) Net sales (all credit) Less: Cost of goods sold Selling and administrative expense Depreciation expense Interest expense Earnings before taxes Income taxes Net income (2,000,000) (250,000) (150,000) 2,100,000 (700,000) $1,400,000 Common stock dividends Common Shares Outstanding $500,000 1,000.000