Question
The A corporation has an operating profit margin of 20%, operating expenses of $500,000, and financing costs of $15,000. Therefore, ___ Selected answer will be
The A corporation has an operating profit margin of 20%, operating expenses of $500,000, and financing costs of $15,000. Therefore, ___
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a
the corporation's net profit margin is larger than 20%
b
the corporation's net profit margin is less than 20%
c
the corporation's gross profit margin is less than 20%
d
the corporation's gross profit margin is equal to 20% because gross profit is not affected by operating expenses or financing costs
Please add an explanation, thank you!
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