The following is a common-sized income statement for Alpha and Beta Companies.

(in thousands)	Alpha %	Beta %
Net Sales	100.0%	100.0%
Cost of Goods Sold	64.6%	60.8%
Gross Profit	35.4%	39.2%
Operating Expenses
Selling, General and Adm.	15.4%	15.3%
Other	1.4%	1.5%
Income Before Income Tax	18.7%	22.4%
Income Tax Expense	2.7%	3.1%
Net Income	16.0%	19.3%

Which of the following statements is NOT correct?

Question 2 options:

a)	Alpha company has an operating margin of 18.7% and Beta company has an operating margin of 22.4%

b)	Neither Alpha or Beta company has non-operating revenue or expenses

c)	Beta performs better in term of profit margin both on gross level and on operating level.

d)	For each dollar of net sale, Beta generates more net income than Alpha.

e)	Beta has a higher total net sales amount than Alpha