Question: Using the appropriate data, calculate the operating profit margin ratio. Current assets-$14,300: Current liabilities - $16.200: Debt payments- $25,300: Depreciation expense $20,000: Gross revenues $146,000:

Using the appropriate data, calculate the operating profit margin ratio. Current assets-$14,300: Current liabilities - $16.200: Debt payments- $25,300: Depreciation expense $20,000: Gross revenues $146,000: Income tax expense $4,000: Interest-$15,400: Net farm income from operations- $3,000: Owner withdrawals -$500: Total assets: end of the year- $200,000: beginning of the year $190.000: Total equity: end of the year- $46,000: beginning of the year-$31.000: Total liabilities: end of the year- $154.000: beginning of the year 5164,000 (round to 1 decimal place)

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