Seikoson the 2017 Income Statement of Seikoson Shows Operating Revenues of of $130,800

Multiple Choice

Seikoson
The 2017 income statement of Seikoson shows operating revenues of $130,800, selling expenses of $37,100, general and administrative expenses of $34,900, interest expense of $900, and income tax expense of $11,430. Seikoson’s stockholders’ equity was $280,000 at the beginning of the year and $320,000 at the end of the year. The company has 20,000 shares of stock outstanding at December 31, 2017.

-Read the information about Seikoson.What is Seikoson's profit margin (to the closest tenth of a percent) ?

A) 2.8%
B) 35.5%
C) 61.2%
D) 14.5%