The Poole Company reported the following income for Year 2: Sales$130,000 Cost of good sold 8,000 Gross margin$22,000 Selling and administrative expense 10,000 Operating income$12,000 Interest expense 4,000 Income before taxes$8,000 Income tax expense 2,500 Net income$5,500 What is the company's net margin? (Round your answers to the nearest whole percent.)
A. 18%
B. 27%
C. 73%
D. 40%
Answer: A
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