During the year ended December 31, 2017, Bjornstad (10 Corporation had the following results: net sales \(\$ 267,000\), cost of goods sold \(\$ 107,000\), net income \(\$ 92,400\), operating expenses \(\$ 55,400\), and net cash provided by operating activities \(\$ 108,950\). What was the company's profit margin?

(a) \(40 \%\).

(c) \(20.5 \%\)

(b) \(60 \%\).

(d) \(34.6 \%\)