Tigger Corp

Multiple Choice

Tigger Corp. has reported the financial results for the year-ended 2006. Based on the information given, calculate the firm's gross profit margin and operating profit margin. Round your final answers to one decimal place. Net sales = $4,156,700
Net income = $778,321
Cost of goods sold = $2,715,334
EBIT = $1,356,098

A) 34.7%; 32.6%
B) 32.6%; 18.7%
C) 34.7%; 18.7%
D) None of the above.