Calculate net income if sales are $118,827, operating cost $78,150, depreciation is $19,874, and the firm also borrowed $10,000 at 7% interest and has a tax rate of .35. Answer to the nearest cent as in xx.xx leaving out the dollar sign. If sales are $236,454 and net income is $23,116, what is the profit margin? Convert the rate to a percent and enter it in the box to the nearest hundredth as in xx.xx%. You may leave out the percentage sign but to maintain two-place accuracy as a percent, you need four places to the right of the decimal point when calculating the ratio initially