Assume a company's Income Statement for Year 7 is as follows:

Income Statement Data	Year 7 (in 000s)
Sales Revenues	$ 250,000
Production Costs	126,500
Delivery Costs	6,600
Marketing Costs	42,500
Administrative Expenses	13,000
Operating Profit	61,400
Net Interest	2,500
Income Before Taxes	58,900
Taxes	17,670
Net Income	$ 31,230

Based on the above income statement data, the company's operating profit margin is

a.

23.56%

b.

31.40%

c.

7.07%

d.

24.56%

e.

None of these