Multiple Choice
In 1996,Snout and Smith,Inc.had a gross profit of $27,000 on sales of $110,000.S & S's operating expenses for 1996 were $13,000,and its net profit margin was .0585.Snout and Smith had no interest expense in 1996.Using this information,what was S & S's operating profit margin for 1996?
A) 0.245
B) 0.118
C) 0.127
D) 0.157
Correct Answer:
Verified
Correct Answer:
Verified
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