A firm has net sales of $12,000,000, Cost of Goods Sold $5,000,000, Depreciation Expenso of $2,000,000, Selling and Administrative Expenses of $2,500,000, Interest Expense of $1,250,000, and an average tax rate of 20%. 11 The firm's Not Income Is a. 1,000,000 b. 925,000 C. 875,000 d 800,000 @ none of the above 12 The firm's Operating Margin is a. 10.0% b. 20.8% C. 45.2% d 51.0%