Solution-Operating profit margin, They had interest expense

Operating profit margin

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Reference no: EM131964015

Plum Supply had net income of $240,000 with a net profit margin of 0.35 and a tax rate of 15%. They had interest expense of $25,000. Using this information, what was S&S's operating profit margin?

Select one:

a. 37.53%

b. 27.33%

c. 29.75%

d. 41.18%

e. 48.12%

f. 45.17%

g. 10.42%

h. 44.82%

Reference no: EM131964015

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Operating profit margin

Reference no: EM131964015

Reference no: EM131964015

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