Transcribed Image Text: 10 – QWERTY Co. is a manufacturing company and its selected financial statements items are given as following. Net Sales equals to 32000 for the year 2020

Transcribed Image Text: 10 – QWERTY Co. is a manufacturing company and its selected financial statements items are given as following. Net Sales
equals to 32000 for the year 2020 and 28000 dollars for the year 2019. COGS equals to 24000 and 21000 respectively
for the year 2020 and 2019. Operating income equals to 4300 and 3800 respectively for the year 2020 and 2019.
Interest expense equals to 2000 and 1800 respectively for the year 2020 and 2019. Interest income equals to 500 and
400 respectively for the year 2020 and 2019. Tax expense equals to 1000 and 800 respectively for the year 2020 and
2019. Net income equals to 1800 and 1600 respectively for the year 2020 and 2019.
calculate net income margin of of QWERTY Co.?
a)
3%
013
b)
6%
9%
11%

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