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The 2018 income statement of Racquel Jeter Consulting (RJC) has a gross profit of $98,000 on sales of 207,970. Its selling, general, and administrative (SG&A)
The 2018 income statement of Racquel Jeter Consulting (RJC) has a gross profit of $98,000 on sales of 207,970. Its selling, general, and administrative (SG&A) expenses are $8,800, and depreciation and amortization expenses are 36% of net fixed assets. RJCs operating profit margin is closest to
A.
31.26%.
B.
37.45%.
C.
42.85%.
D.
50.09%.
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