A corporation has the following income statement for the current year. Calculate the profit margin ratio. $200,000 50.000 150,000 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Other Income and (Expenses) Interest Expense Total Other Income and (Expenses) 30,000 20.000 50.000 100,000 (40.000) (40.000) O A 10% OB. 75% OC. 50% OD 209 150,000 Gross Profit Operating Expenses: Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Expense Total Other Income and (Expenses) Income Before Income Taxes Income Tax Expense Net Income 30,000 20.000 50.000 100.000 (40.000) (40.000) 60.000 40.000 $20.000 O A. 10% OB. 75% O C. 50% D. 20%