Sapien Corporation Has Provided the Following Data for the Most

Multiple Choice

Sapien Corporation has provided the following data for the most recent year:
$\begin{array}{lr}\text {Sales }&\$1,340,000\\\text {Gross margin. }&\$460,000\\\text {Net operating income. }&\$54,846\\\text {Net income before taxes }&\$41,846\\\text {Net income. }&\$27,200\\\end{array}$
The company's gross margin percentage is closest to:

A) 52.3%
B) 1691.2%
C) 5.9%
D) 34.3%