sales 1240000 cost of goods sold 730000 gross margin 510000 operating expenses 450462 net operating income 59538 interest expense 18000 net income before taxes 41538 income taxes (35%) 14538 net income 27000Mormino Corporation's income statement is shown. The company's gross margin percentage is closest to _______ percent. Question 5 options: A) 1888.9 B) 69.9 C) 5.3 D) 4