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QUESTION 21 7.5 points Use the following Income Statement and Balance Sheet Information for 2018 to answer the question below. This is a Retail Company. All numbers are in Millions Income Statement Total Sales Cost of Sales Gross Profit 236.8 154.5 236.8-154.5 Selling and Administrative 196 Expenses Research and 5 Development Depreciation and 3.1 Amortization Other Income 42 EBIT, Operating Profit 2368-1545-19.6-5 3.1.4.2 Interest Expense 5.7 236.8.1545-19,653.1.4 Pretax income 2.50 Taxes 1236.8-1545-19.65 3.11 4.2.5.7 10.30 Net Income 12368-1545-19.6-5-3.1+ 4.2.5.7 )*0.70 Balance Sheet Assets Liabilities ,: Taxes 4.2-5.7 )*0.30 (236.8-154.5-19.6-5-3.1+ 4.2-5.7)*0.70 Net Income Balance Sheet Assets Cash 61.5 41.5 Liabilities Accounts Payable Notes Payable/Short term debt 41.1 1.8 Accounts Receivable Inventories 5.5 Total Current Assets 61.5+41.1+5.5 Total Current Liabilities 41.5+1.8 101 87.1 Net property, plant and equipment Total long-term assets 101 87.1 Long-term debt Total long-term debt liabilities Total Liabilities Stockholders' Equity (Total Equity) Total Liabilities and Stockholders' Equity 41.5+1.8+87.1 61.5+41.1+5.5+101-41.5-1.8. 871 41.5+1.8+87.1+ 61.5+41.1+5.5+101-41.5-1.8- 87.1 Total Assets 61.5+41.1+5.5+101 What was the company's Operating Margin in 2018? NOTE: Answer in decimals. (Use the numbers as is). Use four decimals for your answers

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