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Adobe Systems, Inc, reported the following items for the current year: Sales = $ 3 , 0 0 0 , 0 0 0 ; Cost

Adobe Systems, Inc, reported the following items for the current year: Sales =$3,000,000; Cost of Goods Sold =$1,500,000;
Depreciation Expense =$170,000; Administrative Expenses =$150,000; Interest Expense =$30,000; Marketing Expenses =$80,000;
and Taxes =$300,000. Adobe Systems, Inc. net profit margin is equal to
25.67%.
35.67%.
36.67%.
50.00%.
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