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Given the following information for the Stevens Corporation, calculate their Operating Profit Margin . Income Statement Net sales $400,000 Cost of goods sold 112,000 Gross

Given the following information for the Stevens Corporation, calculate their Operating Profit Margin.

Income Statement

Net sales

$400,000

Cost of goods sold

112,000

Gross profit

$288,000

Operating expenses

130,000

Operating income

$158,000

Interest expense

16,788

Income before taxes

$141,212

Taxes

48,012

Net income

$ 93,200

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