Rogue Industries reported the following items for the current year: Sales = $3,000,000; Cost of

Goods Sold = $1,500,000; Depreciation Expense = $170,000; Administrative Expenses = $150,000;

Interest Expense = $30,000; Marketing Expenses = $80,000; and Taxes = $300,000.

Rogue's netprofit margin is equal to

36.67%.

• 50.00%.
• 25.67%. 35.67%.