In 2014 Snout and Smith,Inc

Multiple Choice

In 2014 Snout and Smith,Inc.had a gross profit of $27,000 on sales of $110,000.S & S's operating expenses for 2014 were $13,000,and its net profit margin was .0585.Snout and Smith had no interest expense in 2014.Using this information,what was S & S's operating profit margin for 2014?

A) 0.245
B) 0.118
C) 0.127
D) 0.157