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Younis corporation's income statement apeears below: income statement Sales(all on account) $1,240,000 Cost of goods sold 780,000 Gross margin 460,000 Operating expenses 416,571 Net operating

Younis corporation's income statement apeears below: income statement Sales(all on account) $1,240,000 Cost of goods sold 780,000 Gross margin 460,000 Operating expenses 416,571 Net operating income 43,429 Interest expense 14,000 Net income before taxes 29,429 income taxes(30%) 8,829 net income $20,600 The company's net profit margin percentage is closest to: Select one: 3.5% 37.1% 1.7% 2.4%

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