Susan is a financial manager at Rvetz Corporation. She wants to evaluate the efficiency with which the company is using its resources. For this reason, she needs to calculate the operating margin from the information given below.
|
Net sales
|
$3,500,000
|
|
Cost of goods sold
|
1,750,000
|
|
Office rent
|
54,500
|
|
Selling expenses
|
350,000
|
|
Interest expense
|
50,000
|
|
Other operating expenses
|
88,500
|
|
|
Which of the following will be the result?