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Stark Industries reported the following items for the current year:
Cost of Goods Sold = $1,500,000
Sales = $3,000,000
Depreciation Expense = $170,000
Administrative Expenses = $150,000
Interest Expense = $30,000
Marketing Expenses = $80,000
Taxes = $300,000
Problem 1: Stark's operating profit margin is equal to
a. 36.67%
b. 25.67%
c. 50.00%
d. 34.67%
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