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Reliable Auto Parts has 1.000 shares of common stock outstanding. The company also has the following amounts in revenue and expense accounts. Assume a 40
Reliable Auto Parts has 1.000 shares of common stock outstanding. The company also has the following amounts in revenue and expense accounts. Assume a 40 percent tax rate.
Sales revenue | $85.000 |
General and administrative expense | 7.500 |
Interest expense | 3.500 |
Costs of goods sold | 50.000 |
Selling expense | 2.000 |
What is the operating profit margin for the company?
A
41,17 %
B
27,64 %
C
30,00 %
D
15,52 %
E
14,11 %
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