Based on the information in financial statements for Emerson Corporation, the operating

margin is

Note: Round your intermediate and final answer to two decimal places.

Emerson Corporation

Balance Sheet

Income Statement

Assets:

Cash

$$250,000$

Sales $($all credit$)$ $$8,000,000$

Accounts receivable

$450,000$

Cost of goods

sold

$(4,000,000)$

Inventory

$500,000$

Operating

expense

$(2,900,000)$

Net fixed assets

$2,100,000$

Interest expense $(150,000)$

Total assets

$$3,300,000$

Income taxes

$(380,000)$

Net income

$$570,000$

Liabilities and owners' equity:

Accounts payable

$$100,000$

Notes payable

$450,000$