Jaded Corporation has the following account balances for the year-ended December 31, 2024.
In addition, the 12/31/23 balances for Accounts Receivable and Inventory are $45,000 and $95,000, respectively.
dr
cr
Accounts Receivable
32,000
Inventory
20,000
Purchases
480,000
Freight-In
5,000
Purchases Discount
$ 4,000
Purchases Returns
3,000
Purchase Allowances
1,000
Sales Revenue
1,850,000
Interest Revenue
1,000
Sales Returns & Allowances
$8,000
Sales Discounts
50,000
Selling Expenses
10,000
General & Administrative Exp
15,000
Other Operating Expenses
30,000
Freight-Out
9,000
Interest Expense
2,000
Loss on Sale of Truck
5,000
What is the operating income margin %, for the period, year-ended 2024?
? ?. 65.63%
B. 61.24%
OC. 69.2%
OD. 63.2%
