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 Liabilities and owners' equity: Accounts payable $100,000 Notes payable 450,000 Long-term debt 1,050,000 Owners' Equity 1,700,000 Total liabilities and owner's equity $3,300,000