What is the difference between operating profit and operating margin percentage? They are different terms for the same thing o Operating profit is the dollar value of profit earned from a firm's normal core business operations, while operating margin percentage is the ratio of operating profit divided by revenue o Operating profit is the ratio of operating profit divided by revenue , while operating margin percentage is the dollar value of profit earned from a firm's normal core business operations O None of the above Operating margin percentage is The ratio of operating profit divided by revenue O The ratio of EBIT divided by revenue O Expressed as a percentage O All of the above O None of the above What is the difference between EBIT and Operating Profit? EBIT stands for Earnings Before Income Taxes while operating profit is calculated AFTER income taxes o Operating profit does NOT include interest or taxes but EBIT does They are different terms but mean the same thing Operating profit includes all operating expenses, whereas EBIT includes an adjustment for sales taxes payable Using the following assumptions, what is operating profit rounded to the nearest dollar? # units sold = 20, dollars collected per unit = $12, cost per unit = $3, marketing expense = $25, labor expense = $30, rent expense = $20 O $226 O $166 $161 O $91