A firm has net sales of $7,250,000, Cost of Goods Sold $4,850,000, Depreciation Expense of $300,000, Selling and Administrative Expenses of $720,000, Interest Expense of $500,000, and an average tax rate of 20%. The firm's Net Income is a. 401,000 b. 502,000 c. 704,000 d 806,000 The firm's Operating Margin is a.b.c.d19.0%17.3%16.7%16.1% Research "common-sizing" financial statements The firm's Gross Profit Margin is a. 33.1% b. 32.6% c. 31.4% d 30.0% Research "common-sizing" financial statements The firm's Pre-taxable Income is a. 550,000 b. 660,000 c. 770,000 d 880,000