A firm has net sales of $14,250,000, Cost of Goods Sold $2,250,000, Depreciation Expense of $700,000, Selling and Administrative Expenses of $1,000,000, Interest Expense of $1,000,000, and an average tax rate of 21%. 27 The firm's Net Income is a. 7,347,000 b. 6,517,500 c. 6,359,500 d 6,010,325 28 The firm's Operating Margin is a. 72.3% b. 70.2% c. 69.8% d 68.3%