Use the Following Information for Jett Co -Jett Co's Gross Profit, Operating Profit and Net Profit Margins for \begin{array}{lrr}
&2015&2014\\
\text

Multiple Choice

Use the following information for Jett Co.to answer questions . $\begin{array}{lrr}&2015&2014\\\text { Sales } & 1,200 & 1,000 \\\text { COGS } & 850 & 700 \\\text { Operating expenses } & 200 & 200 \\\text { Income taxes } & 30 & 35\end{array}$
-Jett Co.'s gross profit, operating profit and net profit margins for 2015 are:

A) 50.0%, 32.5%, 22.5% respectively.
B) 29.2%, 12.5%, 10.0%, respectively.
C) 27.0%, 11.0%, 10.5%, respectively.
D) 21.5%, 17.5%, 12.0%, respectively.