3.

A firm has net income of $700,000 and sales of $22,000,000. Its interest expense is $220,000 and the firm's tax rate is 40%. Assuming this firm paid a dividend of $250,000, its operating profit margin (as a percent rounded to 1 decimal place) is: 2.2% There is not enough information provided to answer this question. O 5.0% 6.3% 5.7% 7.8%