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Question - Stark Industries reported the following items for the current year:
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
Required - What the Stark's operating profit margin?
a. 36.67%
b .25.67%
c .50.00%
d. 34.67%
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