last year abc company had the following data net sales (in million) $1,200

Last year, ABC Company had the following data Net Sales (in million) $1,200 780 Cost of Goods Sold 420 Gross Profit Margin Depreciation 90 120 129 Operating Expense Administrative Expense Operating Profit Interest 36 Profit Before Tax 14 Taxes Net Income 70.00 Cash 200.00 Account receivables 300.00 Inventory 900.00 Net fixed assets 70.00 Cash 200.00 Account receivables 300.00 Inventory 900.00 Net fixed assets 220.00 Notes payable Accounts payable 110.00 20.00 Accruals 250.00 Long term debt Common stock 100.00 Common stock par 1.50 200.00 570.00 Additional paid in capital Retained earnings Find net profit margin 1. more than 2.8% 02. Less than 2% 3. between 2.5% and 2.8% 4. between 2% and 2.5% Type here to search O