Use the following selected balance sheet and income statement information for Stevens Co. to compute the profit margin, to the nearest hundredth of a percent. Operating profit before tax Earnings without interest expense (EWI) Average total assets Sales Tax rate on operating profit $120,000 $192,500 $653,000 $1,250,000 35%

A) 9.60%

B) 18.38%

C) 29.48%

D)15.40%

Use the following selected balance sheet and income statement information for Stevens Co. to compute the profit margin, to the nearest hundredth of a percent. 9.60% 18.38% 29.48% 15.40%