The Poole Company reported the following income for 2014:Sales S3o.oooCost of goods sold 8,000Gross margi n s 22.000Selling and admimstrative expense 10,000Operating income s 12,000Interest expense 4,000·Income before taxes s 8,000Income tax expense 2,500Net income s 5,500What is the company's net margin?a) 73%b) 40%c) 18%d) 27%< >< >< >d) 27%