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What numbers do you use to calculate operating profit margin. I know the formula is operating profit/revenue. (In thousands, except per share data) Year 2016

What numbers do you use to calculate operating profit margin. I know the formula is operating profit/revenue.

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(In thousands, except per share data) Year 2016 Net sales $ 871, 192 Cost of sales 486, 181 Gross profit 385,011 Selling expenses 235,556 General and administrative expenses 71,969 Research and development expenses 33,318 Total operating expenses 340,843 Income from operations 44,168 Interest income 621 Interest expense (2,368) Gain on sale of investments in golf-related ventures 17,662 Other income (expense), net (1,690) Income before income taxes 58,393 Income tax (benefit) provision (132,561) Net income 190,954 Less: Net income attributable to noncontrolling interests 1,054 Net income attributable to Callaway Golf Company $ 189,900 Earnings per common share: Basic . $ 2.02 Diluted $ 1.98 Weighted-average common shares outstanding Basic 94,045 Diluted 95, 845 old format income statement commonly found in the United States, many European

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