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Susan is a financial manager at Rvetz Corporation. She wants to evaluate the efficiency with which the company is using its resources. For this reason,

Susan is a financial manager at Rvetz Corporation. She wants to evaluate the efficiency with which the company is using its resources. For this reason, she needs to calculate the operating margin from the information given below.

Net sales

$3,500,000

Cost of goods sold

1,750,000

Office rent

54,500

Selling expenses

350,000

Interest expense

50,000

Other operating expenses

88,500

Which of the following will be the result?

  • 35.9%

  • 85.9%

  • 64.1%

  • 38.4%

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