The Poole Company reported the following income for Year 2:      Sales$39,500? Cost of goods sold 9900? Gross margin$29,600? Selling and administrative expense 11,900? Operating income$17,700? Interest expense 5900? Income before taxes$ 11,800 Income tax expense 3540? Net income$ 8260 What is the company's net margin?

A. 20.91%
B. 29.87%
C. 44.81%
D. 74.94%


Answer: A

Business

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