(44)
(Choose 1 answer)
(20567)Profitability ratios: Tigger Corp. has reported the financial results for year-end 2006. Based on the information given, calculate the firm's gross profit margin and operating profit margin.
Net sales = $4,156,700Net income = $778.321Cost of goods sold = $2,715,334EBIT = $1,356,098
A. 34.7%;
32.6%
B. 32.6%;
18.72%
C. 34.7%;
18.72%
D. None of these
