Younis Corporation's Income Statement Appears Below The Company's Net Profit Margin Percentage Is Closest To:
A)37

Multiple Choice

Younis Corporation's income statement appears below: $\begin{array}{lr}\text { Income Statement }\\\text { Sales (all on account) }&\$1,240,000\\\text { Cost of goods sold }&780,000\\\text { Gross margin }&460,000\\\text { Operating expenses }&416,571\\\text { Net operating income }&43,429\\\text { Interest expense. }&14,000\\\text { Net income before taxes }&29,429\\\text { Income taxes (35\%) }&8,829\\\text { Net income }&\$20,600\end{array}$
The company's net profit margin percentage is closest to:

A) 37.1%
B) 3.5%
C) 2.4%
D) 1.7%