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During 2022, Cayman Inc. had sales of $15,214,000. Depreciation, Administrative and General Expenses, and Cost...

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Finance

During 2022, Cayman Inc. had sales of $15,214,000. Depreciation, Administrative and General Expenses, and Cost of Goods Sold were $1,220,000, $2,183,800, and $7,630,100, respectively. In addition, the company had interest expense of $980,000 and a tax rate of 21 percent. What is Kayman's profit margin? Group of answer choices 4.42% 31.08% 16.62% 21.71% 22.95%

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