Use the Following Information for Questions -The Profit Margin Is Closest To:
A)2%
B)19%
C)30%
D)89

Multiple Choice

Use the following information for questions: $$\begin{array} { l r l r } \text { Revenues } & \$ 50,000 & \text { Beginning liabilities } & \$ 245,000 \\\text { Cost of goods sold } & 35,000 & \text { Ending assets } & 450,000 \\\text { Operating expenses } & 5,500 & \text { Ending liabilities } & 255,000 \\\text { Beginning assets } & 350,000 & &\end{array}$$
-The profit margin is closest to:

A) 2%
B) 19%
C) 30%
D) 89%