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Consider the following financial information for LB Inc: 2019 2020 Total Assets $ 525 $ 635 Total Liabilities $ 320 $ 320 Sales $ 235

Consider the following financial information for LB Inc:

2019

2020

Total Assets

$ 525

$ 635

Total Liabilities

$ 320

$ 320

Sales

$ 235

Cost of Goods Sold

$ 80

Total Operating Expenses

$ 55

Net income

$ 65

Calculate LB Inc's operating profit margin for 2020.

Group of answer choices

A: 42.55%

B: 18.95%

C: 27.66%

D: 65.96%

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