Question: Randall Industries reported the following items for the current year: Sales = $1,500,000; Cost of Goods Sold - $750,000; Depreciation Expense = $85,000; Administrative Expenses

Randall Industries reported the following items for the current year: Sales = $1,500,000; Cost of Goods Sold - $750,000; Depreciation Expense = $85,000; Administrative Expenses - $75,000; Interest Expense - $15,000; Marketing Expenses - $40,000; and Taxes = $150,000; Randall's operating profit margin is equal to 25.67% 35.67% 36.67% 50.00%

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